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The Saudi British Bank (SABB) announces the Board of Directors recommendation to distribute cash dividends to shareholders for the Second half of the fiscal year 2022
| Element List | Explanation |
|---|---|
| Introduction | The Saudi British Bank (SABB) announces the recommendation of the board of directors to distribute cash dividends to shareholders for the Second half of the fiscal year 2022 |
| Date of the board’s decision | 2023-02-14 Corresponding to 1444-07-23 |
| The Total amount distributed | SAR 1,521 Million |
| Number of Shares Eligible for Dividends | 2,054,794,522 Shares |
| Dividend per share | SAR 0.74 per share for Saudi shareholders after deduction of Zakat |
| Percentage of Dividend to the Share Par Value (%) | 7.4 % |
| Eligibility date | The eligibility date of the dividends shall be at the end of trading day of the bank General Assembly Meeting date (which will be announced at a later date) for the shareholders registered in Securities Depository Center Company (Edaa) by the end of the second trading day following the General Assembly Meeting date. |
| Distribution Date | The date for dividends distribution will be announced at a later date. |
| Additional Information | The Bank wishes to draw the attention of non-resident investors that cash distribution paid through resident financial broker is subject to a withholding tax of 5% upon transfer to the non-resident investor or crediting the amount to its account in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulation.
As for shareholders whose accounts details are not available or incomplete, they may visit the nearest SABB branch or contact the Shareholders Registry Unit on Tel. No. 011 440 8440 to update their information and arrange for receipt of their dividends. |
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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