Riyadh – Mubasher: The shareholders of Banque Saudi Fransi approved the board’s recommendation to distribute SAR 0.4 per share as a cash dividend for 2020, according to a bourse filing on Thursday.

The bank will pay a total of SAR 479.98 million in dividends, representing 4% of the shares’ nominal value.

The distribution of 2020 dividends will begin on 31 May.

Banque Saudi Fransi’s board proposed last March the dividends after the bank had achieved a net profit worth SAR 10.3 billion in 2020.