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Investor Relations
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FinancialNews
05-04-21
Saudi National Bank shares increase at weeks open
(MENAFN)Saudi National Bank shares increased following the lender reported a bumper dividend payout and exposed new board appointments.
The stock obtained about 3.6 percent by the session close following the declaration that it would pay out over SR3.58 billion (USD953 million) in dividends to shareholders of the recently merged lender.
The bank further stated in a regulatory filing that the payout equalizes to 8 percent. Details about its sharing date will be proclaimed later.
The bank talked about several board appointments. Ammar Abdul Wahed Al-Khudairy was elected chairman of the board of directors. Yazeed Abdulrahman Al-Humied was named vice chairman while Saeed Mohammed Alghamdi was set as managing director and CEO.
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