Bank Albilad’s shareholders approved on Wednesday a 4 percent cash dividend for the second half of 2017, at SAR 0.4 per share, amounting to SAR 240 million.
They also approved the previously distributed dividend at SAR 0.3 per share for H1 2017.
During the general assembly meeting, shareholders authorized the board to distribute cash dividend on a semi-annual or quarterly basis.
They also appointed PricewaterhouseCoopers and KPMG Al Fozan accounting firms as external auditors for 2018.
Meanwhile, board remuneration of SAR 3.96 million was approved for FY17 at SAR 360,000 per member.
|
Cash Dividend Details (H2-2017) |
|
|
Current capital |
SAR 6 bln |
|
Number of shares |
600 mln |
|
Cash dividend |
SAR 240 mln |
|
Percent capital |
4% (SAR 0.4/share) |
|
Record date |
April 11, 2018 |
|
Payment day |
April 29, 2018 |
|
Dividend for FY 2017 |
|
|
Total cash dividend |
SAR 420 mln |
|
Percent of capital |
7% (SAR 0.7/share) |
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