Alinma plans 10% dividend for FY 2018

02/12/2018 Argaam

Alinma Bank’s board of directors has recommended a 10 percent cash dividend for the fiscal year 2018, at SAR 1 per share, amounting to SAR 1.49 billion.

The bank has distributed dividend of SAR 0.5 per share for the fiscal years 2014, 2015 and 2016 while it was raised to SAR 0.8 per share for the fiscal year 2017, according to data available on Argaam.

Dividend Details (FY 2018)

Current Capital

SAR 15 bln

Number of shares*

1.5 bln

Dividend

SAR 1.49 bln

Percentage of capital

10% (SAR 1 per share)

Record date

General assembly meeting

Payment date

To be determined

* The number of eligible shares is 1.49 bln shares after deducting 10.03 mln shares of treasury stocks.


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