SABB approves dividend for H2 2017

29/03/2018 Argaam

 

Saudi British Bank’s (SABB) general assembly has approved a 7.1 percent cash dividend for the second half of 2017, at SAR 0.71 per share, amounting to SAR 1.065 billion.

 

Shareholders also delegated the bank’s board of directors to distribute cash dividend for the fiscal year 2018, on a quarterly or semi-annual basis.

 

Cash Dividend Details (H2 2017)

Current Capital

SAR 15 bln

Number of shares

1.5 bln

Cash dividend

SAR 1.065 bln

Percent capital

7.1% (SAR 0.71 per share)

Record date

March 28, 2018

Payment date

April 8, 2018 

Dividend for FY 2017

Total cash dividend

SAR 2.13 bln

Percent of capital

14.2% (SAR 1.42/share)

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