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Investment Bank to pay 499.34M Riyals dividends
The Saudi Investment Bank has announced its decision to distribute cash dividends for the first half of 2026, totaling 499.34 million SAR across 1.248 billion shares, at a rate of 0.40 SAR per share after Zakat deduction. This represents 4% of the share's nominal value. The dividend distribution will commence on August 17, 2026, with shareholders who held shares at the end of trading on August 4, 2026, being eligible. Shareholders are advised to update their information to ensure proper receipt of the dividends. Additionally, the bank indicated that dividends transferred to non-resident foreigners are subject to a 5% withholding tax. Non-resident investors with tax exemptions are urged to contact the bank within three days of the entitlement date to submit the necessary supporting documentation.
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