SABB’s board proposes $301mln dividends for H1-22

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The eligibility and distribution dates for the dividends will be on July 13 and 27, respectively

Staff Writer, Mubasher

July 5, 2022

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Riyadh - The board of Saudi British Bank (SABB) has recommended interim cash dividends after Zakat worth SAR 1.13 billion for the first half (H1) of 2022.

The Saudi lender would disburse SAR 0.55 per share, representing 5.50% of the share nominal value, for 2.05 billion eligible shares, according to a bourse filing on Monday.

Meanwhile, the eligibility and distribution dates for the dividends will be on 13 and 27 July, respectively.

In the first quarter (Q1) of 2022, SABB registered net profits worth SAR 1 billion, up 3.50% from SAR 970 million during the January-March 2021 period.

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