Riyadh – Mubasher: The Saudi Awwal Bank (SAB) announced the cash dividends after Zakat valued at SAR 1.80 billion for the first half (H1) of 2023, according to a bourse disclosure.
A dividend of SAR 0.88 per share, equivalent to 8.80%of the share nominal value, will be disbursed over 2.05 billion eligible shares.
The eligibility and payment dates for the H1-23 dividends will be 13 and 28 August 2023, respectively.
It is worth highlighting that the lender’s board approved the dividends during their meeting on 29 July.
During the January-June 2023 period, the bank generated SAR 3.31 billion in net profit, higher by 58.87% than SAR 2.08 billion in H1-22.
Furthermore, the earnings per share (EPS) grew to SAR 1.61 in H1-23 from SAR 1.02 as of 30 June 2022.
