Bank Albilad announces the board of director’s resolution to distribute Interim cash dividends for the first Half of 2024
| Element List | Explanation |
|---|---|
| Introduction | - |
| Date of the board’s decision | 2024-09-05 Corresponding to 1446-03-02 |
| The Total amount distributed | 625,000,000 SAR |
| Number of Shares Eligible for Dividends | 1,250,000,000 Shares |
| Dividend per share | 0.50 after Zakat deduction |
| Percentage of Dividend to the Share Par Value (%) | 5 |
| Eligibility date | 2024-09-12 Corresponding to 1446-03-09 |
| Distribution Date | 2024-10-03 Corresponding to 1446-03-30 |
| 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 on the Board of Directors’ resolution to distribute Interim cash dividends for the first Half of 2024 |
| Additional Information | We would 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 withholding tax of 5%, in accordance with the provisions of article 68 of the income tax law and article 63 of its implementing regulation.
And we would like to advise all shareholders to update their investment account information with the financial broker to avoid any issue on receiving the announced dividends.
Shareholders who have not received their dividends for previous periods, a dividends search tool has been added in the Bank’s website under the following link: https://www.bankalbilad.com/ar/about/investor-relations/Pages/unclaimed-dividends.aspx
In case of any shareholder finds a message stating that there are unclaimed dividends, you are kindly requested to visit the nearest branch to collect the unclaimed dividends.
contact Investor Relations Department for any assistance at: Tel : 011 4798585 or through email: [email protected] |
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