Riyadh-Mubasher: Al Ahli Takaful board of director recommended the distribution of cash dividends for 2015 at 5% of the stock’s par value, or SAR 0.5 a share, totalling SAR 8.33 million, the insurance firm said in a statement to Tadawul on Monday.
The record and payout dates will be announced later.
This is the first time the company plans to pay cash dividends.
According to the board’s report for 2015, the Tadawul-listed company does not have any plans currently to pay dividends.
The insurer’s earnings before zakah reached SAR 34.4 million in 2015, rising 14% compared with SAR 30.25 million a year earlier.
