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Saudi company pays 2 billion riyals in H1 profits
The Board of Directors of the Saudi First Bank has decided to distribute more than 2 billion riyals in cash dividends to shareholders for the first half of the 2026 fiscal year, at a rate of one riyal per share after zakat deduction, based on over two billion shares. This comes following approval from the Saudi Central Bank, and is based on the bank’s 9.6% increase in profits in the second quarter of this year, reaching 2.33 billion riyals, supported by growth in commission income and decreases in credit loss provisions and taxes. Despite this, operating income experienced a slight decline while operating expenses increased. The bank’s market value is approximately 67 billion riyals, with significant shares held by HSBC and Al Olayan Group.
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