{
  "id": 19308716,
  "title": "BinDawood Pays 45.62M SAR H1 2026 Dividend",
  "url": "https://urgent.news/2026/11/10/bindawood-pays-45-62m-sar-h1-2026-dividend",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-10T08:39:21.000Z",
  "source": {
    "name": "The Saudi Standard",
    "slug": "the-saudi-standard",
    "url": "https://saudistandard.com/2026/11/10/bindawood-pays-45-62m-sar-h1-2026-dividend/"
  },
  "original_language": "en",
  "account": "On November 9, 2026, the board of BinDawood Holding Company approved a dividend payment of 45.62 million SAR for the first half of the financial year 2026. This equates to a dividend of 0.04 SAR per eligible share, representing 4% of the stock's 1 SAR par value. The distribution covers 1,140,453,326 shares, and shareholders on the record as of December 3, 2026, will receive the payment.\n\nDirect bank transfers will deliver the dividends to shareholders on December 17, 2026. Investors are reminded to update their personal information and link their bank accounts to their investment portfolios before the record date. Non-resident foreign investors should note that a 5% withholding tax applies to dividends transferred through resident financial brokers, as per Article 68 of the Income Tax Law and Article 63 of the implementing regulations.\n\nThis modest dividend yield of 0.04 SAR per share signals BinDawood's commitment to retaining working capital, a prudent approach in the retail sector. The requirement for shareholders to have valid bank accounts linked to their portfolios before the record date underscores the logistical importance of dividend capture. Furthermore, non-resident foreign investors must factor in the 5% withholding tax when calculating their net dividend income. BinDawood's consistent dividend payments reflect stability in the retail sector, contributing to the diversification and maturity of Saudi Arabia's capital market under Vision 2030.",
  "summary": "Jeddah, Saudi Arabia — BinDawood Holding Company will distribute 45.62 million SAR in cash dividends for the first half of financial year 2026. The board approved the payout on November 9, 2026, setting a dividend of 0.04 SAR per share — equal to 4% of par value. Dividend Details The distribution covers 1,140,453,326 eligible shares. […] The post BinDawood Pays 45.62M SAR H1 2026 Dividend…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}