Shareholders of Kingdom Holding Co. approved on Thursday a 5 percent cash dividend at SAR 0.5 per share for the fiscal year 2016.
In April, the board of directors proposed issuing 5 percent cash dividend for the full year 2016 in four quarterly payments of 1.25 percent (SAR 0.125 per share), according to data compiled by Argaam.
The dividend was determined, after Prince Alwaleed Bin Talal, KHC’s chairman, waived his share in the proposed full-year dividend of SAR 0.34 per share, totaling SAR 1.19 billion.
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