Kingdom Holding recommends quarterly dividend for FY18

29/03/2018 Argaam

 

Kingdom Holding Company’s board of directors on Thursday recommended a 1.25 percent quarterly cash dividend for fiscal year 2018, amounting to 5 percent for the full year.

 

The company will issue a dividend of SAR 163.9 million each quarter from retained earnings, totaling SAR 655.9 million for the year, it said in a bourse statement on Thursday.

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The figure was determined after Kingdom Holding chairman Prince Alwaleed bin Talal gave up his full entitlement of the proposed annual cash distribution, totaling nearly SAR 1.2 billion.

 

Cash Dividend Details (FY 2018)

Current Capital

SAR 37.058 bln

Number of shares

3.706 bln shares

Cash dividend

SAR 163.9 mln

Percent capital

1.25% ( 12.5 Halalas/share)

First payment’s record date

April 1, 2018

Second payment’s record date

July 1, 2018

Third payment’s record date

September 30, 2018

Fourth payment’s record date

December 31, 2018

Payment date

10 days after each record date

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