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الاقتصادية
Albilad Saudi Declares 750M Riyal Dividends
Baraq Albilad Bank of Saudi Arabia announced that it will distribute interim cash dividends totaling 750 million riyals for the first half of 2026, at a rate of 50 halalas per share, following approval from the Board of Directors and without objection from the Central Bank. The bank recorded profits of 791.6 million riyals in the second quarter of 2026, representing an increase of 3.4% compared to the previous year. Despite the slowing growth, the results exceeded analyst expectations by 2%. It is worth noting that Baraq Albilad offers comprehensive Islamic banking and financing services, with an equity stake of 19.3%, and its market value exceeds 36 billion riyals.
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