Alawwal Bank’s board of directors has recommended a 2.5 percent cash dividend for fiscal year 2017, at SAR 0.25 per share, amounting to SAR 285.77 million.
The bank’s general assembly had previously approved a decision to withhold cash dividend for fiscal year 2016 to support the bank’s financial position and future plans, Argaam reported earlier.
|
Cash Dividend Details (FY 2017) |
|
|
Current capital |
SAR 11,430.7 mln |
|
Number of shares |
1,143.1 mln |
|
Cash dividend |
SAR 285.77 mln |
|
Percent capital |
2.5% (SAR 0.25 per share) |
|
Record date |
General assembly meeting (H1 2018) |
|
Payment date |
To be determined |
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