The Saudi British Bank distributes SAR526 million as interim dividend for the first half of 2005

This will result in a total gross interim dividend payment of SAR526 Million before deduction of Zakat, representing an increase of 11.8 per cent over the same period last year.

Dividends will be credited on Saturday 10 Jumad Thani 1426H (according to UmAlQura calendar) corresponding to 16 July 2005, to the accounts of shareholders on the bank's share registry as on Thursday closing 01 Jumad Thani 1426H (according to UmAlQura calendar) corresponding to 7 July 2005, who maintain accounts with SABB and whose details are available at the share registry.

Shareholders maintaining accounts with other local banks, and who have provided details to the share registry, will have dividends transferred to those accounts. As per SAMA instructions, Shareholders who have not provided the share registry with updated details and ID numbers should contact share registry or the nearest SABB branch with appropriate identification to update their details using the formats assigned for this purpose, before Wednesday 29 Jumad Awal 1426 H(according to UmAlQura Calendar) corresponding to 6 July2005.

Al-Hugail pointed out that the decision of the Board of Directors which approves the distribution is within the framework of the bank's plan that aims to pay a remunerative interim dividend ,enhance shareholders' interests and achieve their aspirations.