Saudi Arabia
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Dividend Distribution
SABB’s specialist Dividend Distribution system can help you optimise the way in which your company pays dividends to its shareholders. Our unique, purpose-built system exists with the sole purpose of paying dividends, which we can distribute in the following ways:
SARIE (to SABB and non-SABB account holders)
Tick up
Cheque
Useful information about Dividend Distribution Service
Key Features & Benefits
- Timely payments to shareholders on Dividend Payment Date (where bank account details up to date in the Tadawul System)
- Non-account holders can collect single or multiple dividend payments at any SABB branch
- Outsourcing of payments reduces your administrative costs
- Easy reconciliation of outstanding payments
- Provides historical data of payments
- Helps you update your shareholder records
Requirements
In order for us to fully satisfy our obligations under our Dividend Distribution system, we ask that all companies:
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Sign a Dividend Payment agreement with SABB
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Allow at least ten days between the Dividend Announcement and Payment Date
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Agree on pricing for initial set up and methods of payment
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Co-ordinate the public announcement with SABB
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Agree customer service and enquiries procedures with SABB
Ready to apply?
Now
Or..
- Visit the nearest Branch...
- Call us..on Toll Free: 800 124 5666 within the Kingdom or +966 (0)1 405-2066 from a mobile/abroad
- Register in SABBNET "Internet Banking Services" and enjoy preferential fees
