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BANQUE SAUDI FRANSI CONSOLIDATED BALANCE SHEET As at December 31, 2008 and 2007 - page 36 / 51

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BANQUE SAUDI FRANSI

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2008 and 2007 _______________________________________________________________________________________________

25 Other operating income

SAR’ 000

Gains on disposal of property and equipment Others

Total

1,002

107

48,720

5,432

2008

2007

49,722

5,539

26 Other operating expenses

556 5,509

36 4,978

6,065

5,014

SAR’ 000

Loss on disposal of property and equipment Others

Total

2008

2007

27

Basic and diluted earnings per share

Basic and diluted earnings per share for the years ended December 31, 2008 and 2007 are calculated by dividing the net income for the year attributable to equity holders’ of the Bank by 562.5 million shares .

28 Proposed gross dividend, zakat and income tax

The Board of Directors has proposed on December 3, 2008 a total dividend of SAR 1.00 (2007: SAR 1.75) per share for the year which is subject to the approval of the shareholders at the Annual General Assembly Meeting and the regulatory agencies. No interim dividend has been proposed by the Board of Directors for the year 2008 (2007: SAR 1.50 per share).

Gross dividend

SAR’ 000

2008

2007

-

738,853

776,711

314,135

Interim dividend Final proposed dividend

Total

776,711

1,052,988

The zakat and income tax, attributable to Saudi and foreign shareholders are as follows:

i) Zakat

Zakat attributable to the Saudi shareholders for the year amounted approximately to SAR 142 million (2007: SAR 47 million) which will be deducted from their share of dividend for the year. The net total dividend to Saudi shareholders is SAR 387 million (2007: SAR 678 million)

ii) Income tax

Income tax payable in respect of foreign shareholder – CALYON’s current year’s share of income tax is approximately SAR 202 million (2007: SAR 171 million) which will be deducted from their share of dividend for the year.

The current year net dividend for the foreign shareholder is SAR 44 million (2007: SAR 157 million).

36

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