10 Hrs
Source:
الاقتصادية
Saudi Banks Cash Dividends
The return of cash dividend distributions by Saudi banks after a period of suspension is anticipated, with the market expected to see an increase in distributions that could exceed 60 billion riyals. This will boost sector liquidity and attract more investors to banking stocks. This renewed momentum follows the Saudi Central Bank's decision to reallow profit distributions, reflecting improved financial conditions of the banks and expectations of profit growth in the coming period.
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