Riyadh – Mubasher: Al Rajhi Bank led losing stocks and was the most active in terms of traded values by 12:14pm KSA time, after announcing the dividends distribution.
The stock fell 2.74% to SAR 64, exchanging 1.7 million shares at a value of SAR 107.76 million.
Meanwhile, the main index of the Saudi Stock Exchange (Tadawul) shed 0.16% to stand at 6,940.1 points.
The extraordinary general meeting (EGM) of Al Rajhi Bank on Sunday approved the board's recommendation to distribute cash dividends for the second half of 2016.
The bank will distribute SAR 1.5 per share totalling SAR 2.44 billion and representing 15% of the nominal value, according to a bourse filing on Monday.
Al Rajhi stated that the distribution will start on Sunday, 26 March, and the eligibility will concern shareholders of record at the end of trades on the EGM's day.
