Arab National Bank Recommends distribution of interim cash dividend for 1H19
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Arab National Bank has recommended thru circulation on 04 /07 /2019 distribution of an interim cash dividend to the shareholders against the first half 2019 |
| Board Resolution Date | 2019-07-04 Corresponding to 1440-11-01 |
| Total Amount of Dividend Distributed | SAR 750 Million |
| Number of eligible shares | 1.500.000.000 shares |
| Dividend per share | SAR 0.50 after deduction of Zakat |
| Percentage of Dividend to the share book value | 5 % |
| Eligibility date | The eligibility of dividends shall be for the shareholders owning shares on the due of Wednesday 07-11-1440 H as per Umm ALQura corresponding to 10-07-2019 and those shareholders registered in the Banks share registry at the Depository Center ( SDC ) at the end of the second trading day following the due date which corresponds to Thursday 11-11-1440 as per Umm ALQura corresponding to 14-07-2019 |
| Dividend distribution date | 2019-07-24 |
| Additional Information | We would like to draw the attention of the non-resident foreign investors that the cash dividend distributed, which is transferred by the resident financial broker, is subject (when transferred or credited to the non-resident foreign investor’s bank account) to a withholding tax of 5%, in accordance with the provisions of Article 68 of the Income Tax Law and Article 63 of its Implementing Regulations.
On this occasion, the bank calls upon its shareholders to ensure that their dividends against previous years are received. Shareholders holding share certificates must deposit these in their investment portfolios. They can communicate with the Shareholders Affairs Department or approach the nearest ANB branch to update their addresses, and ensure their profits from previous years are collected. For inquiries, kindly contact the Shareholders Affairs Department by telephone at 011 402 9000 Ext. 2600, 2606 or 2607 during official working hours of the bank, or by fax to 011 407 9500 Ext. 2604. God bless |
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