| Element List | Explanation |
|---|---|
| Introduction | The Saudi British Bank (SABB) announces recommendation of the board of directors to distribute final cash dividends to shareholders for the Second half of the fiscal year ending 31 December 2021. |
| Date of the board’s decision | 2022-02-21 Corresponding to 1443-07-20 |
| The Total amount distributed | SAR 740 Million |
| Number of Shares Eligible for Dividends | 2,054,794,522 shares |
| Dividend per share | SAR 0.36 per share for Saudi shareholders after deduction of Zakat |
| Percentage of Dividend to the Share Par Value (%) | 3.6 % |
| Eligibility date | The eligibility of dividends distribution for the second half will be for the shareholders of the Bank who own shares on the eligibility date and are registered in the Bank’s share registry at the Securities Depository Center Company at the end of the second trading day following the eligibility date, which will be announced along with the date and mechanism for dividends distribution at a later date. |
| Distribution Date | The date and mechanism for dividends distribution will be announced at a later date. |
| Additional Information | The Bank would like to draw the attention of non-resident foreign investors that the distribution of cash dividends payable through resident financial broker is subject to a withholding tax of 5% upon transfer to the non-resident investor or crediting the amount to its account in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulation. |
As for shareholders whose accounts details are not available or incomplete, they may visit the nearest SABB branch or contact the Shareholders Registry Unit on Tel. No. 011 440 8440 to update their information and arrange for receipt of their dividends.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.