The Saudi National Bank Announcement on the Board of Directors' Recommendation to Distribute Cash Dividends to Shareholders for the Second Half of 2023G.

25 February 2024 07:09 AM

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Element List	Explanation
Introduction	The Saudi National Bank announces the Board of Directors’ recommendation to distribute cash dividends to shareholders for the second half of the year 2023G.
Date of the board’s recommendation	2024-02-24 Corresponding to 1445-08-14
The Total amount distributed	SAR 5,400,000,000
Number of Shares Eligible for Dividends	6,000,000,000 shares
Dividend per share	SAR 0.90 after the deduction of Zakat
Percentage of Dividend to the Share Par Value (%)	9 %
Eligibility date	The eligibility date of the dividends shall be at the end of trading day of the Bank’s General Assembly meeting day (which will be announced later) for the shareholders registered in the Securities Depository Center Company (Edaa) at the end of the second trading day following the General Assembly Meeting date.
Distribution Date	Distribution date will be announced later.
The name of other official authorities and the details of their non-refusal to the recommendation or decision	It should be noted that the Bank has obtained no-objection from the Saudi Central Bank to distribute cash dividends to ‎shareholders for the second half of ‎‏2023‏G.
Additional Information	We would like to draw the attention of the non-resident foreign shareholders that the cash dividends distribution which is transferred by the resident financial broker is subject to withholding tax of 5%, in accordance with the provisions of article (68) of the Income Tax Law and article (63) of its Implementing Regulations.

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