Riyadh – Mubasher: The Saudi National Bank (SNB) announced cash dividends after zakat amounting to SAR 5.10 billion, representing 8.50% of the capital, for the first half (H1) of 2023.
The lender will grant SAR 0.85 per share for 6 billion eligible shares, according to a bourse filing.
Meanwhile, the eligibility and payment dates for the dividends will be 1 and 13 August 2023, respectively.
It is worth highlighting that the bank’s board members greenlighted the H1-23 dividends during their meeting on 25 July.
During the first six months (6M) of 2023, SNB registered net profits valued at SAR 10.03 billion, an annual rise of 10.40% from SAR 9.09 billion.
