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

SABB's board proposes 4% dividend distribution for H2-21
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Riyadh – Mubasher: The board of Saudi British Bank (SABB) has recommended a cash dividend distribution, equivalent to 3.6% of the share par value, for the second half (H2) of 2021.

The cash dividend payout stands at SAR 0.36 per share, aggregating at a total value of SAR 740 million, according to a recent bourse filing.

It is noteworthy to mention that in 2021, the bank achieved SAR 3.2 billion net profits, compared to net losses of SAR 4.17 billion in 2020.