Samba Financial Group distributes dividends worth SAR 1.23 million to shareholders
Samba Financial Group according to a statement on Tadawul on Sunday, 1 January 2017 has announced that its Board of Directors has approved a recommendation to the General Assembly to adopt the distribution of dividends for the second half of 2016.
According to the announement on the Saudi Arabian stock exchange, the total amount of distribution of dividend is SAR 1.23 million, to be distributed over the current outstanding two billion shares. The dividend per share is 50 halalas net of Zakat, representing five per cent of the face value.
The eligibility of dividends shall be for the shareholders registered in the registers of the Securities Depository centre (Tadawul) on as of end of trading hours on the General Assembly Meeting. Details of the General Assembly Meeting and dividend distribution dates will be disclosed in a later announcement.