Arab National Bank shareholders to vote 2020 dividend on March 30

09/03/2021 Argaam


Arab National Bank's (ANB) shareholders are set to vote on the board's recommendation on distributing a 4% cash dividend, or SAR 0.40 per share, for 2020, during the extraordinary general meeting (EGM) to be held on March 30, 2021.

 

Dividend Details (2020)

Current Capital

SAR 15 bln

Number of shares

1.5 bln

Dividend

SAR 600 mln

Percentage of capital

4% (SAR 0.40 per share after deducting Zakat)

Record date

Shareholders registered with the Securities Depository Centre (Edaa) at the end of second trading day following the general assembly meeting to be held in Q1 2021

Payment date

To be determined

 

Shareholders will also vote on approving the management's report on bank operations, financial statements, auditor’s report, as well as discharge board members' remuneration for 2020.
 

They will also discuss vote on payment of SAR 4.86 million as bonus to board members for 2020, and dealings and contracts signed between the bank and the companies in which the bank has indirect interest.

 

Shareholders will vote on the agenda items through Tadawulaty as of March 26, 2021.

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