Arab National Bank announces the recommendation of its Board of Directors to distribute cash dividends for the second half of 2016.
.Total amount of cash dividends to be distributed: SAR 450 Million
2.Dividends amount per share SAR 0.45
3.Percentage of dividends to par value: 4.5%, in addition to an interim dividends of SR 450 million distributed for the first half of 2016, which brings the total dividends distribution for 2016 fiscal year up to SR 900 million or SR 0.90 per share representing 9% of the share par value net of Zakat.
4- Number of shares eligible for dividends ( 1000,000,000 ) shares
5. Eligibility Date: Eligibility will be for all shareholders registered in the Securities Depository Center (TADAWUL) as at end of trading hours on the General Assembly Meeting date to be held during the first quarter of 2017 as will be announced later, subject to requisite approvals of regulatory concerned parties being secured.
6.Dividends Pay Date: to be announced later.
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