Its revenues also pared to Dhs5.35bn in 2020
The new plan comes after the coronavirus pandemic and oil market turmoil created a double crisis for Saudi Arabia
The dividend payout equals to 49 per cent of the lender’s net profit for 2020
Banks are the largest distributors of profits
The Kuwait Banking Association said in June that there would be no distribution of dividends to shareholders for 2020
Aramco sold $8bn in tranches maturing in three, five, 10, 30 and 50 years
Aramco will pay a dividend of $18.75bn for the quarter
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