Tadawul: SAIB goes ex-dividend, ex-bonus today

01/02/2022 Argaam

One of SAIB branches

Shares of the Saudi Investment Bank (SAIB) have their ex-dividend and ex-bonus today, Feb. 1.

 

The bank’s board of directors recommended a 7% cash dividend, at SAR 0.70 a share, for 2021. The distribution date is yet to be determined.

 

Meanwhile, the bank’s board recommended a 33.33% capital hike to SAR 10 billion from SAR 7.5 billion by distributing one-for-three bonus shares in order to strengthen the capital base to increase growth and future expansions.

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