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.