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Alinma Bank plans SAR 0.3/shr dividends for 2020

Alinma Bank plans SAR 0.3/shr dividends for 2020
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Riyadh – Mubasher: Alinma Bank’s board recommended distributing cash dividends of 3% of the share’s nominal value to shareholders for 2020.

This is equivalent to SAR 596.121 million or SAR 0.30 per share, according to a stock exchange filing on Wednesday.

Eligibility of dividends will be to the shareholders at the end of the ordinary general meeting (OGM) assembly day, as per the registered shareholders in the register of the Securities Depository Center Company (Edaa) at the end of the second trading day following the OGM meeting date.

Last year, the lender’s net earnings shrank by 22.4% on an annual basis to stand at SAR 1.97 billion, compared with SAR 2.5 billion a year earlier.