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Al-Awal to pay 2.05B riyals dividends
The Saudi First Bank announced the distribution of cash dividends amounting to 2.055 billion riyals for the first half of 2026, representing an increase of 1 riyal per share (10% of the nominal value). The dividend payments will begin on August 13, 2026. The bank clarified that the record date for shareholders will be August 2, 2026, and notified non-resident investors that the distributions are subject to a 5% withholding tax. Additionally, the bank urged non-resident investors who have tax exemptions to submit the necessary documentation to the designated department to ensure the correct tax treatment is applied.
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