Kingdom Holding Co.’s board of directors has recommended a 5 percent cash dividend to be issued at SAR 0.50 per share in 2016 from retained earnings, totaling SAR 655.9 million.
The company will make quarterly payments of 1.25 percent at the rate of SAR 0.125 per share at the end of each quarter, the company said in a statement to Saudi bourse, Tadawul.
The figure was determined after the chairman of the board, Prince Alwaleed Bin Talal, gave up his full share of the proposed dividend.
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Cash Dividend Details (2016) |
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Current Capital |
SAR 37,058 mln |
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Number of shares |
3,706 mln shares |
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Quarterly cash dividend |
SAR 163.9 mln |
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Percent capital |
1.25% (SAR 0.125/share) |
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Record date Q1 |
General Assembly meeting |
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Record date Q2 |
June 30, 2016 |
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Record date Q3 |
September 30, 2016 |
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Record date Q4 |
December 31, 2016 |
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Payment day |
Two weeks after maturity date |
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