Riyadh – Mubasher: Saudi National Bank, the newly-formed entity resulting from the merger between National Commercial Bank (NCB) and Samba Financial Group, announced that the board of directors recommended a cash dividend of SAR 0.80 after deducting Zakat for 2020.

The board proposed total dividends of SAR 3.58 billion, representing 8% of the capital, distributed over 4.478 billion shares, the bank said in a bourse disclosure on Sunday.

The eligibility of the dividends will be for shareholders owning shares at the end of the trading day of the general assembly, which will be announced later, and registered at the Depository Center at the end of the second trading day following the date of the general assembly.  

 Details of dividends distribution dates and process will be announced later.