Riyadh – Mubasher: The board of Bank Albilad recommended distributing SAR 375 million in cash dividends to shareholders for the second half (H2) of 2019.

Dividends after Zakat stand at SAR 0.5% per share, with the total number of eligible shares amounting to 750 million shares.

The proposed cash dividends represent 5% of the share’s par value, according to the bank’s statement to the Saudi Stock Exchange (Tadawul).

Albilad distributed SAR 0.4 per share dividends for H1-19, which will bring the total dividends per share for last year to SAR 0.9, or 9% of the share's nominal value.

It is worth noting that the bank’s annual net profit doubled in 2019, reaching a total of SAR 1.24 billion.