Saudi British Bank’s (SABB) board of directors has recommended today a 6 percent cash dividend for the first half of 2019, at SAR 0.60 per share, amounting to SAR 1.185 billion, the lender said in a bourse statement.
SABB and Alawwal Bank finalized a merger deal in June 2019 to become the Kingdom’s third largest bank in terms of assets.
Alawwal shares were delisted from the Saudi Stock Exchange (Tadawul), and SABB capital was hiked to SAR 20.55 billion from SAR 15 billion, Argaam previously reported.
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Dividend Details (H1 2019) |
|
|
Current Capital |
SAR 20.55 bln |
|
Number of shares |
2.055 bln |
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Dividend |
SAR 1.185 bln |
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Percentage of capital |
6% (SAR 0.60 per share) |
|
Record date |
Aug. 19, 2019 |
|
Payment date |
Sept. 2, 2019 |
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