14th Jun 2005 18:00
HSBC Holdings PLC14 June 2005 The following is a translation of a news release issued yesterday by The SaudiBritish Bank, a 40 per cent indirectly-held associate of HSBC Holdings plc. THE SAUDI BRITISH BANK DISTRIBUTES SAR526 MILLION AS INTERIM DIVIDEND FOR THE FIRST HALF OF 2005 The Chairman of The Saudi British Bank (SABB), Sheikh Abdullah Bin MohammedAl-Hugail, has announced that the bank's Board of Directors has approved thedistribution of a net interim dividend of SAR10 per share (after deduction ofZakat). This will result in a total gross interim dividend payment of SAR526million before deduction of Zakat, representing an increase of 11.8 per centover the same period last year. Dividends will be credited on Saturday, 16 July 2005 to the accounts ofshareholders on the bank's share registry on Thursday, 7 July 2005, who maintainaccounts with SABB and whose details are available at the share registry. Shareholders maintaining accounts with other local banks, and who have provideddetails to the share registry, will have dividends transferred to thoseaccounts. As per Saudi Arabian Monetary Agency (SAMA) instructions,shareholders who have not provided the share registry with updated details andID numbers should contact the share registry or their nearest SABB branch withappropriate identification to update their details before Wednesday, 6 July2005. Al-Hugail commented that the Board's decision to approve the dividend distribution was confirmation of the bank's aim to consistently reward itsshareholders. Note to editors: The HSBC GroupThe Saudi British Bank is a 40 per cent, indirectly-held associate of HSBCHoldings plc, and a member of the HSBC Group. Serving over 110 million customersworldwide, the HSBC Group has over 9,800 offices in 77 countries and territoriesin Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.With assets of US$1,277 billion at 31 December 2004, HSBC is one of the world'slargest banking and financial services organisations. HSBC is marketed worldwideas 'the world's local bank'. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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