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Banque Saudi Fransi to distribute 10% dividends

Banque Saudi Fransi to distribute 10% dividends
The bank's recommended a total of SAR 1.2 billion dividends for H2
BSFR
1050
0.67% 30.20 0.20

Riyadh – Mubasher: The board of the Banque Saudi Fransi (BSF) has recommended the distribution of cash dividends to its shareholders for the second half (H2) of 2019.

At SAR 1 per share or 10% of the share’s face value, the proposed dividends stand at around SAR 1.2 billion, according to a statement to the Saudi Stock Exchange (Tadawul).

During the nine-month period between January and September 2019, the bank’s net profits reached SAR 2.6 billion, 8.2% lower than the SAR 2.85 billion, recorded in the same period of 2018.