Albilad Bank to pay 750M riyals in dividends
Al Bilad Bank has decided to distribute a cash dividend of 750 million Riyals for the first half of 2026, at a rate of 0.50 Riyals per share, representing 5% of the nominal value of the share, to 1.5 billion eligible shares. The payment process will commence on August 20, 2026, with eligibility for shareholders registered by the close of trading on July 30, 2026. A withholding tax of 5% will be deducted for non-resident shareholders. The decision aims to enhance shareholder returns following approval by the Board of Directors and the Saudi Central Bank, with a reminder to update bank account information to ensure the proper deposit of dividends.
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