The Saudi Investment Bank Announces the Distribution of an Interim Cash Dividends for the first half of the fiscal year 2025
| Element List | Explanation |
|---|---|
| Introduction | The Saudi Investment Bank announces the Board of Directors resolution regarding distribution of an interim cash dividends to shareholders for the first half of the fiscal year 2025. |
| Date of the board’s decision | 2025-07-24 Corresponding to 1447-01-29 |
| The Total amount distributed | SAR 498,930,142.80 |
| Number of Shares Eligible for Dividends | 1,247,325,357 shares |
| Dividend per share | SAR 0.40 after deduction of Zakat |
| Percentage of Dividend to the Share Par Value (%) | 4 |
| Eligibility date | 2025-08-04 Corresponding to 1447-02-10 |
| Distribution Date | 2025-08-12 Corresponding to 1447-02-18 |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | It should be noted that the Bank has obtained no-objection from the Saudi Central Bank on the Board of Directors’ resolution to distribute an interim cash dividends to shareholders for the first half of the fiscal year 2025. |
| Additional Information | We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to withholding tax of 5%, in accordance with the provisions of article (68) of the Income Tax Law and article (63) of its Implementing Regulations.
Accordingly, the Bank emphasize to non-resident foreign investors who have tax exemptions on dividends issued by the Zakat, Tax and Customs Authority, to communicate with the bank within 3 calendar days from the eligibility date and provide the bank with documents supporting tax exemption. The bank would like to remind its shareholders to update their information and link their bank account to their investment portfolios to ensure the receipt of their cash dividends. The bank would also like to remind its shareholders to ensure the receipt of their dividends from previous years by following the steps in the below designated link. https://www.saib.com.sa/en/dividends |
Comments