Saudi National Bank shareholders approve 8% cash dividend for 2020

Saudi National Bank's (SNB) shareholders approved the board recommendation on paying cash dividend for 2020 at 8% of capital, or SAR 0.80 per share, during the extraordinary general meeting (EGM), held on May 6, 2021, the company said in a bourse filing.

Shareholders approved delegating the board members to pay interim cash dividend for 2021 on a semi-annual or quarterly basis.

In addition, they elected the following board members for the three-year term starting from May 15, 2021:

1- Saeed Al Ghamdi

2- Ammar Alkhudairy

3- Yazeed Alhumied

4- Saud Al Juhni

5- Ibrahim Almojel

6- Abdulrahman Alodan

7- Rashed Sharif

8- Ziad Tunsi

9- Zaid Al Gwaiz

10- Sheila Alrowaily

11- Abdullah Alrowais

Shareholders approved forming the audit committee, with members including Abdul-Rahman Al-Barrak, Khaled Al-Tawil, Ali Al-Ayed, and Abdulaziz Al-Ateeqi.

 The bank appointed E&Y and KPMG as external auditors to examine, review and audit the Q1, Q2, Q3 and 2021 financials.