Saudi British Bank announces the distribution of cash dividends for First half of the fiscal year 2019
Element List | Explanation |
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Introduction | The Saudi British Bank (SABB) announces recommendation of the board of directors to distribute interim cash dividends to shareholders for the first half of the fiscal year 2019 |
Board Resolution Date | 2019-08-05 Corresponding to 1440-12-04 |
Total Amount of Dividend Distributed | SAR 1,185 Million |
Number of Shares Eligible for Dividends | 2,054,794,522 Shares |
Dividend per share | SAR 0.60 per share after deduction of Zakat for Saudi shareholders |
Percentage of Dividend to the Share Par Value (%) | 6 % |
Eligibility date | The eligibility of the first half dividends shall be for the shareholders owning shares on the due date on Monday 19/8/2019 and those shareholders registered in the Bank share registry at the Depository Center (Edaa) at the end of the second trading day following the due date. |
Distribution Date | Monday 02/09/ 2019 |
Additional Information | The Bank wishes to draw the attention of non-resident investors that cash distribution paid through resident financial broker is subject to a withholding tax of 5% upon transfer to the non-resident investor or crediting the amount to its account in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulation.
As for shareholders whose accounts details are not available or incomplete, they may visit the nearest SABB branch or contact the Shareholders Registry Unit on Tel. No. 011 440 8440 to update their information and arrange for receipt of their dividends. |
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