The National Bank (TNB) announced the start of the cash dividends distribution for its shareholders for the fiscal year ending in 2022. The announcement was made pursuant to the decision of the General Assembly during its ordinary meeting. The decision included the distribution of 5% cash dividends from the paid-up capital amounting to USD 113.1 million. Distribution will be made to shareholders listed in the Shareholders Register on May 02, 2023. 

The Chairman of TNB’s Board of Directors, Samir Zraiq, commented on the announcement stating that the Bank’s shares have become an attractive Palestinian investment for shareholders, namely since it guarantees a very good annual return. Furthermore, he underlined that the Bank’s financial performance has been excellent and is achieving remarkable growth, thereby supporting the Bank to further promote shareholders returns. 

The Bank explained the disbursement mechanism in its announcement, stating that shareholders should fill the “Disbursement Form”, available on the Bank’s official website: www.tnb.ps, and submit it at one of TNBs many branches, located in various regions of the West Bank, or to the Digital Service Center, through WhatsApp, on +970 598 555 555, or to the Department of Shareholders Affairs, via email: IR@tnb.ps. Dividends will be deposited in the shareholders’ bank accounts within a week of duly submitting the form. 
Finally, it is worth mentioning that TNB boasts the largest shareholder base among Palestinian banks with more than 8,500 registered shareholders.