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SAIB to pay SAR 0.4/shr dividend for 2020

SAIB to pay SAR 0.4/shr dividend for 2020
SAIB will pay SAR 0.4 per share to the entitled shareholders
SAIB
1030
-1.15% 17.14 -0.20

Riyadh – Mubasher: The Saudi Investment Bank’s (SAIB) shareholders approved 4% of the capital to be distributed as cash dividends for 2020, according to a disclosure to Tadawul on Thursday.

SAIB will pay SAR 0.4 per share to the entitled shareholders as of 2 May, with the dividends' amount totalling SAR 270 million.

The bank achieved a net profit worth SAR 980 million in 2020, up by 310% when compared to SAR 239 million in 2019.