21 Dec, 2022

Arab National Bank announces the distribution of cash dividend for second half of 2022 AD

Introduction Arab National Bank announces the recommendation of the Board of Directors on 20/12/2022 to the General Assembly to approve the distribution of interim cash dividends to the bank’s shareholders for the second half of 2022
Date of the board’s decision 2021-12-20 Corresponding to 1444-05-26
The Total amount distributed SAR900 Million
Number of Shares Eligible for Dividends 1,500,000,000 shares
Dividend per share 0.60 Halalah after deduction of Zakat
Percentage of Dividend to the Share Par Value (%) 6 %
Eligibility date For the bank’s shareholders who own shares at the end of the day of the general assembly and who are registered with the Securities Depository Center Company at the end of the second trading day from the date of the assembly to be held during the first quarter of 2023 AD
Distribution Date will be announced later
Additional Information This is in addition to what was distributed in the amount of (750 million riyals) for the first half of 2022 AD. Thus, the total amount that were distributed and will be distributed for the fiscal year 2022 AD is (1650) million riyals at (1.10 ) Halalah per share, which represents 11% of the nominal share value after deducting zakat.
  We would like to draw the attention of the non-resident foreign investors that the cash dividend distributed, which is transferred by the resident financial broker, is subject (when transferred or credited to the non-resident foreign investor’s bank account) to a withholding tax of 5%, in accordance with the provisions of Article 68 of the Income Tax Law and Article 63 of its Implementing Regulations.
  On this occasion, the bank would like to remind its shareholders to ensure that their dividends against previous years are received. Shareholders holding share certificates must deposit these certificates in their investment portfolios. They can communicate with the Shareholders Affairs Department or approach the nearest ANB branch to update their addresses, and ensure their profits from previous years are collected. For inquiries, kindly contact the Shareholders Affairs Department by telephone at 011 402 9000 Ext 8778 during official working hours of the bank, or by E-Mail SHA@anb.com.sa .

 

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