Riyadh – Mubasher: The Arab National Bank’s (ANB) board of directors recommended to pay cash dividends worth SAR 750 million to shareholders for the first half of 2019.

The bank will pay 5% of the share’s nominal value as a cash dividend, or SAR 0.5 a share, according to a filing to the Saudi Stock Exchange (Tadawul) on Thursday.

The kingdom-based lender will pay the dividends on 7 November.

It is worth noting that ANB reported a 12.7% year-on-year profit growth in the first quarter of 201, recording SAR 920.1 million.