Bank Albilad Approves SAR 825 Million Cash Dividend

ALBILAD

ALBILAD

1140.SA

0.00

Bank Albilad announced on May 6, 2026 the results of its Ordinary General Assembly Meeting held on May 5, 2026, with 57.75% shareholder attendance. The assembly approved the appointment of Ernst & Young and KPMG as external auditors for fiscal year 2026 and Q1 2027, each receiving SAR 3,100,000 excluding VAT. Shareholders approved a cash dividend distribution of SAR 825 million for the second half of fiscal year 2025, equivalent to SAR 0.55 per share or 5.5% of nominal value, with distribution beginning June 4, 2026. The meeting also authorized the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for fiscal year 2026 and approved various governance policy amendments.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94994&anCat=1&cs=1140&locale=ar

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