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Bank to pay 499.34M riyals in H1 profits

Bank to pay 499.34M riyals in H1 profits

The Saudi Investment Bank has decided to distribute cash dividends for the first half of 2026 amounting to a total of 499.34 million SAR, at a rate of 0.40 SAR per share after Zakat deductions. This represents 4% of the share's nominal value. The dividend distribution will commence on August 17, 2026, and shareholders registered by the end of August 4, 2026, are eligible to receive the dividends, with a requirement to update banking details and ensure the previous dividends have been credited. Additionally, the bank warns that dividends for non-resident foreign investors are subject to a withholding tax of 5% when transferred or credited to their bank accounts.

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