Alawwal Bank’s extraordinary general assembly approved on Wednesday withholding dividend for fiscal year 2016, the lender said in a statement to Tadawul.
The decision came in light of the bank’s strategy to support its financial position and future plans.
During the meeting, shareholders also approved board remuneration for the same period and appointed KPMG Al Fozan & Partners and Ernst & Young as external auditors for fiscal year 2017.
|
Alawwal Bank Dividends |
||
|
Year |
Cash Dividend |
Bonus Shares |
|
2015 |
2.5% |
100% |
|
2014 |
10% |
20% |
|
2013 |
10% |
20% |
|
2012 |
10% |
-- |
|
2011 |
10% |
20% |
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