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Arab National Bank announces the distribution of an interim cash dividend for second half of 2023 AD
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Arab National Bank has decided on 06/02/2024 distribution of an interim cash dividend to the shareholders for the second half of 2023 AD |
| Date of the board’s decision | 2024-02-06 Corresponding to 1445-07-25 |
| The Total amount distributed | SAR 1,050 Million |
| Number of Shares Eligible for Dividends | 1,500,000,000 shares |
| Dividend per share | 0.70 Halalah after deduction of Zakat |
| Percentage of Dividend to the Share Par Value (%) | 7 % |
| Eligibility date | Eligibility of dividends shall be for the shareholders owning shares on the due date being Sunday 01/08/1445 corresponding to 11/02/2024 who are registered in the bank share registry at the Depository Center (SDC) as of end of the second trading day following the due date which corresponds to Tuesday 03 /08/1445 corresponding to 13/02/2024 AD |
| Distribution Date | Sunday 15/08/1445 corresponding to 25/02/2024 AAD |
| 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’ decision to distribution of an interim cash dividend for second half of 2023 |
| Additional Information | We would like to draw the attention of the non-resident foreign investors that the cash dividend distributed, which is transferred by the resident financial broker, is subject (when transferred or credited to the non-resident foreign investor’s bank account) to a withholding tax of 5%, in accordance with the provisions of Article 68 of the Income Tax Law and Article 63 of its Implementing Regulations. Therefore, we wish to kindly remind our esteemed shareholders to ensure the receipt of their dividends from previous years through the designated Dividend Inquiries Link. Shareholders in possession of physical share certificates are requested to securely deposit them into their respective investment portfolios. To facilitate efficient communication and guarantee the accurate disbursement of profits from previous years, we encourage shareholders to promptly update their contact information. This can be done by reaching out to our dedicated Shareholders Affairs Department or visiting the nearest ANB branch. For any further inquiries or assistance, our Shareholders Affairs Department remains at your service. Please feel free to contact them at 011 402 9000 Ext 8778 during the official working hours of the bank, or by email at SHA@anb.com.sa |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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