The Saudi British Bank (SABB) announces recommendation of the board of directors to distribute final cash dividends to shareholders for the Second half of the fiscal year ending 31 December 2019.
| Element List | Explanation |
|---|---|
| Introduction | The Saudi British Bank (SABB) announces recommendation of the board of directors to distribute final cash dividends to shareholders for the Second half of the fiscal year ending 31 December 2019. |
| Board Resolution Date | 2019-12-31 Corresponding to 1441-05-05 |
| Total Amount of Dividend Distributed | SAR 1,234 Million (Net Dividend) |
| Number of Shares Eligible for Dividends | 2,054,794,522 shares |
| Dividend per share | SAR 0.60 per share for Saudi shareholders after deduction of Zakat |
| Percentage of Dividend to the Share Par Value (%) | 6 % |
| Eligibility date | The eligibility of dividends distribution for the second half will be for the shareholders of the Bank who own shares on the eligibility date and are registered in the Bank’s share registry at the Securities Depository Center Company at the end of the second trading day following the eligibility date, which will be announced along with the date and mechanism for dividends distribution at a later date. |
| Distribution Date | The date and mechanism for dividends distribution will be announced at a later date. |
| Additional Information | The Bank would like to draw the attention of non-resident foreign investors that the distribution of cash dividends payable 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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