Saudi news

Alinma Bank recommends distributing 5% cash dividends for the second half

Today, Wednesday, Alinma Bank announced the Board of Directors’ recommendation to distribute cash dividends to shareholders for the second half of the year 2022 AD, with a total of about 996.09 million riyals, for the number of dividend-bearing shares, about 1.99 billion shares.

Al-Inma Bank said in a statement on “Saudi Tadawul”, that the share of the share from the distribution is 0.5 riyals, after deducting zakat, at a distribution rate of 5% to the nominal share value.

The eligibility for profits will be for the bank’s shareholders who own shares at the end of the day of the bank’s general assembly meeting and who are registered in the bank’s records with the Securities Depository Center Company at the end of the second trading day following the date of the assembly, which will be announced later, and will be announced later.

The net profit of Alinma Bank increased by 34% in the third quarter of 2022, to about 989 million riyals, after zakat and tax, compared to a net profit of about 738.1 million riyals in the same quarter of 2021.

During the first nine months of 2022, the net profit of Alinma Bank increased by 31.03% to about 2.74 billion riyals, compared to about 2.09 billion riyals in the same period of 2021.

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