Arab National Bank to distribute SAR 550m for H1
19 Jun 2017

Arab National Bank to distribute SAR 550m for H1


The board of the Arab National Bank approved dividend payout of 5.5% for the first half of 2017.

The company will distribute SAR 550 million at SAR 0.55 per share, according to a bourse filing on Sunday.

The Saudi-listed firm will start the distributions on 16 July.

Shareholders of record at the close of trading on 2 July and who are registered at Securities Depository Center (Edaa) on the following day of the eligibility date will be eligible for the dividends.

The bank’s net profits rose 2.5% to SAR 768 million ($204.8 million) in the first quarter of 2017 from SAR 749.2 million ($199.79 million) in the year-ago period.

Source: Mubasher