Alinma approves dividend for FY 2018, elects board members

27/03/2019 Argaam

Alinma Bank’s shareholders have approved a 10 percent cash dividend for the fiscal year 2018, at SAR 1 per share, amounting to SAR 1.49 billion.

 

 Shareholders have also elected board members for the upcoming three-year term staring on May 21, 2019.

 

The new board includes Abdulaziz Al Zamil, Abdulmohsen A. Al-Fares, Hamad albazi, Mohammed bin Dayel, Abdulmuhsin A. Al-Hussein, Abdulmalik Al Hugail, Saud Al Nemer, Mutlaq Al-Morished and Haitham bin Rashed Bin Mubarak.

 

Dividend Details (FY 2018)

Current Capital

SAR 15 bln

Number of shares*

1.5 bln

Dividend

SAR 1.49 bln

Percentage of capital

10% (SAR 1 per share)

Record date

March 26, 2019

Payment date

April 10, 2019

* The number of eligible shares is 1.49 bln shares after deducting 10.03 mln shares of treasury stocks.

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