Kingdom Holding announces 1.25% quarterly dividend for FY 2019

28/03/2019 Argaam

 

Kingdom Holding Company’s board of directors recommended on Thursday to issue a 1.25 percent quarterly cash dividend, or 5 percent for the full year, at 12.5 Halalas per share.

 

Prince Al-Waleed bin Talal, chairman of the company, gave up his full entitlement of the proposed annual cash distribution, which totaled SAR 1,197 million at 34 Halalas per share, according to the firm’s statement to Tadawul, Saudi Arabia’s bourse.

 

Dividend Details (FY 2019)

Current Capital

SAR 37.058 bln

Number of shares

3.706 bln shares

Cash dividend

SAR 163.9 mln

Percent capital

1.25% ( 12.5 Halalas/share)

First payment’s record date

March 31, 2019

Second payment’s record date

June 30, 2019

Third payment’s record date

September 30, 2018

Fourth payment’s record date

December 31, 2018

Payment date

10 days after each record date

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