Banque Saudi Fransi to pay out $240m in dividends for H1

Banque Saudi Fransi to pay out $240m in dividends for H1
The dividend payout will be SR0.75 per share, to be paid on Aug. 4. (Supplied)
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Updated 30 June 2022
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Banque Saudi Fransi to pay out $240m in dividends for H1

Banque Saudi Fransi to pay out $240m in dividends for H1

RIYADH: Banque Saudi Fransi’s board has declared cash dividends of SR900 million ($240 million) in total for the first half of 2022.

The dividend payout will be SR0.75 per share, to be paid on Aug. 4, with almost 1.2 billion shares eligible for dividends, a bourse filing revealed.

This comes after the bank's net profit surged to SR875 million in the first quarter of the year, from SR780 million in the same period a year ago.