Al Tayyar to pay 5% dividend for H1 2017

Al Tayyar Travel Group Holding Co. will pay a 5 percent cash dividend (SAR 0.5 per share) for the first half of 2017 this coming August 24 through Saudi British Bank (SABB), the company said in a statement Sunday.

Shareholders of record on August 17, 2017—including those registered at the Securities Depository Center two days after this date— are eligible to receive the dividend.

The company in May had approved a 10 percent cash dividend for fiscal year 2017 at SAR 1 per share, to be paid in semi-annual tranches at SAR 0.5 per share from retained earnings account.