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Alinma Bank's board proposes 4% dividend distribution for H2-21

Alinma Bank's board proposes 4% dividend distribution for H2-21
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Riyadh – Mubasher: The board of Alinma Bank has recommended a cash dividend distribution, equivalent to 4% of the capital, for the second half (H2) of 2021.

The cash dividend payout stands at SAR 0.40 per share, aggregating at a total value of SAR 795.13 million, according to a bourse filing on Thursday.

It is noteworthy to mention that during the third quarter (Q3) of 2021, Alinma Bank recorded net profits worth SAR 738.1 million, higher by 17% than SAR 629.2 million in Q3-20.