|12 February, 2020

Bank Albilad plans 5% dividends for H2 2019

The proposed cash dividends represent 5% of the share’s par value

Riyadh–  The board of Bank Albilad recommended distributing SAR 375 million in cash dividends to shareholders for the second half (H2) of 2019.

Dividends after Zakat stand at SAR 0.5% per share, with the total number of eligible shares amounting to 750 million shares.

The proposed cash dividends represent 5% of the share’s par value, according to the bank’s statement to the Saudi Stock Exchange (Tadawul).

Albilad distributed SAR 0.4 per share dividends for H1-19, which will bring the total dividends per share for last year to SAR 0.9, or 9% of the share's nominal value.

It is worth noting that the bank’s annual net profit doubled in 2019, reaching a total of SAR 1.24 billion.

Source: Mubasher

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