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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

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Last year, it announced 9,000 job cuts worldwide.

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ADIB’s Q1 net profit $517 million

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Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Albilad Capital to pay dividend 

Unitholders can expect to receive their cash distributions within 10 days from the entitlement date.
  • Albilad Capital confirmed that the dividends would be based on the unitholder register as of the end January 3, 2024.
  • The total amount of distributed dividends has been declared at US$24,183, an indication of the fund's robust performance

JEDDAH, SAUDI ARABIA – Albilad Capital, a leading financial services provider in the Kingdom, has announced the distribution of cash dividends for the Albilad Saudi Sovereign Sukuk ETF for December 2023.

Albilad Capital confirmed that the dividends would be based on the unitholder register as of the end January 3, 2024.

The total amount of distributed dividends has been declared at US$24,183 (SAR90,688), an indication of the fund’s robust performance, the company said in a filing to Tadawul.

This distribution will be divided among 10,900,000 outstanding units, making the amount of dividends per unit approximately SAR0.008.

The distribution ratio of the net asset value (NAV) stands at 0.10 percent, based on the NAV as of December 28, 2023.

This distribution is part of Albilad Capital’s commitment to providing consistent returns to its investors.

Unitholders can expect to receive their cash distributions within 10 days from the entitlement date.

Albilad Capital has also emphasized the importance of unitholders updating their information with the Capital Market Institution to ensure the direct deposit of their due distributions.

This step is crucial for the smooth processing and timely receipt of dividends.

This announcement reflects Albilad Capital’s ongoing efforts to deliver value to its investors and its commitment to maintaining transparency in its operations.

The Albilad Saudi Sovereign Sukuk ETF, known for its strategic investments in sovereign sukuk, continues to be a preferred choice for investors seeking exposure to Sharia-compliant fixed-income securities.