SABB to distribute dividend on May 4

Saudi British Bank’s (SABB) 3.5 percent cash dividend (at SAR 0.35 per share) for the second half of 2016, which amounts to SAR 525 million, will be will deposited in the shareholders bank accounts on May 4, the bank said in a statement to Tadawul on Wednesday.

The dividends of non-resident foreign investors which will be transferred through a financial intermediary will be subjected to a 5 percent tax according to the income tax laws, the statement said.