Alinma shareholders to discuss SAR 0.50/share dividend

Saudi Arabia-based ​Alinma Bank will discuss in its upcoming general assembly meeting a cash dividend of SAR 0.50 per share, or 5 percent of par value after Zakat.

The total dividend disbursal for 2014 will stand at SAR 745 million. Shareholders registered by the meeting date are eligible for the dividend. Payment will be scheduled at a later date.

Shareholders will also consider approving the annual board report and financial statements for 2014.

The discharge of the board of directors and approval of Alinma auditors’ report for the fiscal year ending on December 31, 2014 will be also on the agenda.

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Remuneration and Alinma’s Sharia board regulations are set to be approved.

The appointment of the Sharia board members for a three-year term starting April 1, and the appointment of auditors will be also discussed.

Shareholders that hold a minimum of 20 shares have the right to attend this meeting, which is scheduled for March 9 at Novotel Riyadh