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Alinma Bank’s shareholders nod to 3% dividends for 2020

Alinma Bank’s shareholders nod to 3% dividends for 2020
Alinma Bank will disburse a total of SAR 596.12 million dividends
ALINMA
1150
1.66% 18.38 0.30

Riyadh – Mubasher: The shareholders of Alinma Bank approved, during the extraordinary general meeting, distributing 3% of the capital or SAR 0.3 per share as cash dividends for 2020.

The financial institution will disburse a total of SAR 596.12 million dividends to the entitled shareholders starting 21 April, according to a disclosure to Tadawul on Thursday.

Alinma Bank’s board recommended last month a dividend payout for 2020.

The bank had registered a net profit of SAR 1.97 billion last year, down by 22.4% from SAR 2.5 billion in 2019.