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Saudi National Bank approves SAR 3.6bn dividends

Saudi National Bank approves SAR 3.6bn dividends
The bank will pay SAR 0.8 per share to the entitled shareholders
SNB
1180
0.18% 55.10 0.10

Riyadh – Mubasher: The shareholders of the Saudi National Bank gave the green light for distributing cash dividends worth SAR 3.58 billion for 2020, according to a disclosure on Sunday.

The bank will pay SAR 0.8 per share to the entitled shareholders as of 23 May, representing 8% of the share’s nominal value.

The financial institution, which is a result of a recent merger between the National Commercial Bank and Samba Financial Group, announced the dividend payout value last month.

During 2020, the bank achieved an increase in net profits to SAR 11.44 billion.