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The National Commercial Bank announces the Board of Directors resolution regarding distribution of cash dividends to the shareholders for the first half of 2019

Default Company 1180.O 0.00% 0.00 0.00
Element List Explanation
Board Resolution Date 2019-07-28 Corresponding to 1440-11-25
Total Amount of Dividend Distributed SAR 3,300,000,000
Number of eligible shares 3,000,000,000 shares
Dividend per share SAR 1.10 after deduction of Zakat
Percentage of Dividend to the share book value 11 %
Eligibility date The Eligibility date shall be at the end of trading day 29/11/1440H Corresponding to 01/08/2019G for the shareholders registered in Depository Center (Edaa) at the end of the second trading day following the dividends distribution date
Dividend distribution date 20/12/1440H Corresponding to 21/08/2019G
Additional Information We would like to draw the attention to the following regulation regarding the payment of dividend: for foreign non-resident investors the dividend paid by the company is subject to a withholding tax of 5% upon transfer to the non-resident investor or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations

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