RIYADH: Alinma Bank saw its shares surge 3.6 percent on Sunday after announcing dividends of SR896 million ($239 million), representing SR0.45 per share, for the first half of 2022.
The share price of the Saudi-listed bank reached SR33.15 at the closing bell, amid trading of nearly 5.6 million shares.
As many as 1.99 billion shares are eligible for dividend distribution on Aug. 14, according to a bourse filing.
This follows a resolution by the bank’s board of directors to hike dividends, after proposing SR795 million in dividends for the second half of 2021.
