Bank Albilad to vote on 5% dividend for H2 2019 on April 26

Bank Albilad shareholders are set to vote on the board’s recommendation to distribute a 5% cash dividend, or SAR 0.5 per share, for the second half of 2019, during the ordinary general meeting (OGM) that will be held on April 26, 2020.

Shareholders will be able to participate and vote on agenda items through Tadawulaty services offered by the Securities Depository Center Co. (Edaa), in line with the Capital Market Authority’s (CMA) decision to suspend personal attendance at general meetings to contain the spread of Coronavirus.

Shareholders will also vote on the financial results, as well as the board and auditor’s reports for FY2019.

Moreover, they will vote on appointing an auditor, discharging board members from liabilities for FY2019, in addition to a board remuneration of SAR 3.52 million for 2019.

Shareholders will further vote on authorizing the board of directors to distribute interim dividends on a quarterly or semi-annual basis for 2020, the statement noted.