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Banque Saudi Fransi announces the Board of Director’s recommendation to distribute dividends to shareholders for the year 2020

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Introduction Banque Saudi Fransi announces the Board of Director’s recommendation to distribute dividends to shareholders for the year 2020
Date of the board’s decision 2021-03-02 Corresponding to 1442-07-18
The Total amount distributed SAR 479.98 Millions
Number of Shares Eligible for Dividends 1,199,948,015 shares
Dividend per share SAR 0.40 after deduction of Zakat
Percentage of Dividend to the Share Par Value (%) 4.0 %
Eligibility date The entitlement of the dividends for the year 2020 shall be for the shareholders registered in Depository Center at the end of the second trading day following the General Assembly Meeting, which will be announced later.
Distribution Date Details of the General Assembly Meeting and dividend distribution dates will be announced later.
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 (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.

The Capital Market Authority and the Saudi Stock 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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