Al-Saudi Investment reports 499M riyals profit

The Saudi Investment Bank is preparing to distribute more than 499 million riyals in phased cash dividends for the first half of the year, following approval from its Board of Directors and authorization from the Saudi Central Bank. The dividends will be distributed to shareholders registered at the end of trading on August 4, at a rate of 40 halalas per share, out of approximately 1.25 billion eligible shares, after Zakat is deducted. Additionally, the bank recorded a 3.7% increase in its quarterly net profit, reaching 531 million riyals in the second quarter of the year, compared to 512.5 million riyals in the same period last year. The bank was established in 1976 and offers banking services to individuals and corporations. Its market capitalization is 17.4 billion riyals, with a significant stake held by the General Organization for Social Insurance.

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