25.6500
Change
-0.2500
Change %
0.9653%
Open
25.9000
Close
25.4000
High
26.1500
Low
25.6500

Samba gets shareholders’ nod on SAR2.3 billion dividends for H2

2019-03-26 15:00:18 GMT (Economies.com)
 

Samba Financial Group said its shareholders, in an ordinary general assembly meeting held yesterday, approved the proposed distribution of cash dividends for the second half of 2018 at SAR 2.324 billion, or SAR 1 per share after Zakat, representing 10% of stock par value, according to a statement to Tadawul.

 

Entitlement to the dividend payout will be for shareholders of record till the close of trading on the March 25. Distribution will be effected on April 7.

Samba earlier distributed cash dividends for the first half of 2018 at SAR 0.80 per share, or 8% of stock par value, totaling SAR 1.911 billion. Thus, FY18 dividend distributions will amount to SAR 4.235 million, or SAR 1.80 per share, representing 18% of stock par value after Zakat.

 

FY18 net profit amounted to SAR 5.5 billion, compared with SAR 5 billion in the corresponding period of 2017.

 
 
 
  Symbol Last Change Chg.%
1.1813
0.0103
0.8826%
1.3079
0.0064
0.4891%
Tadawul
7499.97
10.08
0.13%
28.177
3.930
16.210%
41.425
0.990
2.448%
44.56
-0.53
1.18%
2053.425
84.070
4.269%
 
 
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