SNB announces the Board of Directors resolution regarding distribution of cash dividends to the shareholders for the first half of 2021, with SAR 2,910,700,000 of total amount distributed and SAR 0.65 per share after deduction of Zakat, and 6.5 % Share Par Value.
The number of shares eligible for dividends amounted to 4,478,000,000 shares, and the distribution will be on 23/08/2021 corresponding to 15/01/1443H.
The Eligibility date shall be at the end of trading day 12/08/2021 corresponding to 04/01/1443H for the shareholders registered in Depository Center (Edaa) at the end of the second trading day following the eligibility date.
The bank pointed out to the non-resident foreign investors that the cash dividend distribution, which is transferred by the resident financial broker, is subject to withholding tax of 5%, in accordance with the provisions of article (68) of the Income Tax Law and article (63) of its Implementing Regulations.
The Bank also requested its shareholders to update their information and to link their bank account numbers to their investment portfolios to ensure timely distribution of their cash dividends without any delay.