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The National Commercial Bank announces that the board of directors has recommended the distribution of dividend for period the second half of 2016

Sunday, 29 January, 2017

The Board of Directors of National Commercial Bank has recommended on 26-01-2017 G corresponding to 28-04-1438 H the distribution of dividend to the shareholders for the period the second half of 2016 as following: 

  1. Total amount of distribution of dividend SAR 1,996,903,527
  2. Number of shares eligible for dividends: 1,996,903,527 shares after deducting the treasury shares.
  3. Dividend per share SAR 1
  4. Dividend represents 10% of the Face value.
  5. The eligibility of dividends shall be for the shareholders registered in the registers of the Securities Depository Center on which the General Assembly that will be announce later.
  6. Details of dividend distribution date will be set later.

We would like to draw the attention to the following regulation regarding the payment of dividend: for foreign non-resident investors the dividend paid by the company is subject to a withholding tax of 5.0% upon transfer to the non-resident investor or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.