Business & Money | Thursday 28 July, 2016 1:14 pm |

The Board of Directors of National Commercial Bank has recommended the distribution of dividend to the shareholders for the period The first half of 2016 as following:

1.Total amount of distribution of dividend SAR 1,200 Millions
2.Divided per share SAR 0.60
3.Divided represent 6% of the Face value.
4.The eligibility of dividends shall be for the shareholders registered in the registers of the Securities Depository Center (Tadawul) on 02-08-2016
5.Details of dividend distribution date : 17-08-2016

We would like to draw the attention to the following regulation regarding the payment of dividend: for foreign non-resident investors the dividend paid by the company is subject to a withholding tax of 5.0% upon transfer to the non-resident investor or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.