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.
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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) |
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First payment’s record date |
April 1, 2018 |
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Second payment’s record date |
July 1, 2018 |
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Third payment’s record date |
September 30, 2018 |
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Fourth payment’s record date |
December 31, 2018 |
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Payment date |
10 days after each record date |
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