RIYADH: Alinma Bank saw its shares surge 2.2 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 SR32.7 as of 11:52 a.m. Riyadh time, amid trading of over 2 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.