Saudi Arabia .. BSF shares rises with the announcement of the distribution of profits

The share of the “Saudi Fransi Bank” known as “BSF”, the runway and trading in the Saudi stock market “Tadawul” after it announced the distribution of cash dividends for the second half of last year 2024, at the beginning of the trading of Thursday’s session.

The stock rose by 0.50%, to circulate at the price of 16.10 riyals per share.

The “Saudi Fransi Bank” stated that about 1.2 billion riyals will be distributed to about 2.491 billion shares, for the second half of last year 2024.

The bank also indicated that the share share is 0.50 riyals, which equals 5% of the nominal value of the stock.

The Saudi -France Bank stated that the date and details of the General Assembly meeting will be announced, in addition to the date of the entitlement later.

The bank also confirmed that the process of distributing profits to its shareholders will take place at the Securities Deposit Center Company (deposit), at the end of the second day of the General Assembly.

The BSF share at that time came at 307.295 thousand shares, with a trading value approaching 5 million riyals.

The highest price for the share was at that time at 16.10 riyals, while the lowest price per share was at 15.98 riyals.

The “Saudi Fransi Bank” recorded an increase in net profits by 7.6% on an annual basis, to record a net profit of about 4.54 billion riyals, during the past year 2024.

While the bank recorded a net profit of 4.22 billion riyals, during the previous year 2023.