Saudi National Bank Approves SAR 6.9 Billion Cash Dividend for H1 2026
Saudi National Bank to pay SAR 6.9B cash dividend (SAR 1.15/share) for H1 2026; payment starts Aug 10, 2026, with SAMA approval.
Riyadh | EcoPulse24
Saudi National Bank (SNB) announced that its Board of Directors has approved the distribution of SAR 6.9 billion in cash dividends to shareholders for the first half of 2026, reinforcing the bank's commitment to delivering consistent shareholder returns.
According to a filing published on the Saudi Exchange (Tadawul), shareholders will receive SAR 1.15 per share, net of Zakat, representing 11.5% of the share's par value. The distribution covers 6 billion eligible shares.
Eligibility and Payment Dates
The dividend entitlement date has been set for July 28, 2026, for shareholders who own SNB shares at the close of trading on that day and are registered in the company's shareholder register maintained by the Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date.
The bank said the cash dividend payment will begin on August 10, 2026.
Regulatory Approval
SNB confirmed that it has received the Saudi Central Bank's (SAMA) non-objection to proceed with the cash dividend distribution for the first half of 2026, in line with the Kingdom's banking regulations.
Withholding Tax for Foreign Investors
The bank also noted that non-resident foreign investors will be subject to a 5% withholding tax on cash dividends in accordance with Article 68 of the Saudi Income Tax Law and Article 63 of its Executive Regulations.
EcoPulse24 Analysis
The SAR 6.9 billion dividend reflects SNB's continued ability to generate sufficient earnings and capital to maintain a consistent dividend policy while supporting future growth.
Dividend announcements remain closely watched by institutional and international investors as they provide insight into a bank's capital strength, earnings sustainability, and shareholder return strategy. As the largest bank in Saudi Arabia by assets, SNB's payout is also viewed as an important indicator of confidence in the resilience of the Kingdom's banking sector.
Key Facts
| Item | Value |
|---|---|
| Total Cash Dividend | SAR 6.9 billion |
| Eligible Shares | 6.0 billion shares |
| Dividend Per Share | SAR 1.15 |
| Payout Ratio to Par Value | 11.5% |
| Board Approval Date | July 20, 2026 |
| Record Date | July 28, 2026 |
| Payment Date | August 10, 2026 |
| Regulatory Approval | Saudi Central Bank (SAMA) Non-Objection Received |
| Withholding Tax for Non-Resident Foreign Investors | 5% |
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