The board of National Commercial Bank (NCB) is proposing the distribution of a 10 percent cash dividend (SAR 1 per share) for the second half of 2016, Saudi Arabia’s largest lender said in a statement.
Dividend transfers made through financial brokerages for non-resident foreigners will be subject to a 5 percent tax.
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Cash Dividend Details (H1-2016) |
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Current capital |
SAR 20,000 mln |
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Number of shares |
2,000 mln |
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Cash dividend |
SAR 1,996 mln |
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Percent capital |
10% (SAR 1/share) |
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Record date |
On the general assembly meeting date |
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Payment date |
To be announced later |
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Total Dividend for FY16 |
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Dividend |
SAR 3,196 mln |
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Percent of capital |
16% (SAR 1.6/share) |
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