25.7000
Change
-0.1000
Change %
0.3876%
Open
25.8000
Close
25.7500
High
25.8000
Low
25.2500

ANB shareholders approve SAR0.85/share dividend, 50% capital hike

2019-03-28 10:28:35 GMT (Economies.com)
ANB shareholders approve SAR0.85/share dividend, 50% capital hike
 

Shareholders of Arab National Bank (ANB) gave the go ahead for the recommended distribution of cash dividends for the second half of 2018 at SAR 0.85 per share, or 8.5% of stock par value, totaling SAR 850 million, according to the bank’s bourse filing.

 

Record date for the dividend distribution will be till the close of trading on the general assembly date. Distribution will start on April, 8. 

 

The bank earlier distributed cash dividends for H1-18 at SAR 650 million, or SAR 0.65 per share, representing 6.5% of stock par value.

 

Meanwhile, they also approved the bank’s 50% capital increase to SAR 15 billion from SAR 10 billion, through the issue of one bonus share for every two shares held.

 
 
 
  Symbol Last Change Chg.%
1.1259
-0.0014
0.1229%
1.2516
-0.0059
0.4688%
15.384
0.166
1.091%
59.498
-0.835
1.384%
66.47
0.00
0.00%
1413.390
-2.105
0.149%
 
 
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