Banque Saudi Fransi (BSF) announces the distribution of cash dividends for the first half of 2024
| Element List | Explanation |
|---|---|
| Introduction | Banque Saudi Fransi (BSF) announces the Board of Directors' resolution to distribute cash dividends to shareholders for the first half of 2024 |
| Date of the board’s decision | 2024-07-25 Corresponding to 1446-01-19 |
| The Total amount distributed | SAR 1,198.11 Millions |
| Number of Shares Eligible for Dividends | 1,198,106,125 Shares |
| Dividend per share | SAR 1.00 after deduction of Zakat |
| Percentage of Dividend to the Share Par Value (%) | 10 |
| Eligibility date | 2024-08-07 Corresponding to 1446-02-03 |
| Distribution Date | 2024-08-26 Corresponding to 1446-02-22 |
| 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 dated 04-08-2024 Corresponding to 29-01-1446 on the Board of Directors’ resolution to distribute cash dividends to shareholders. |
| Additional Information | We would like to inform you that the entitlement of the interim dividends for the first half of the year 2024 shall be at the end of trading day Wednesday 07-08-2024 Corresponding to 03-02-1446 for the shareholders registered in Depository Center (Edaa) at the end of the second trading day following the dividends eligibility date.
We would also like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to (when transferred or credited to the bank account) withholding tax of 5%, in accordance with the provisions of article 68 of the income tax law and article 63 of its implementing regulation. |
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