Riyadh – Mubasher: Saudi Arabia's Alinma Bank on Wednesday announced that its shareholders had approved distributing a cash dividend of SAR 1 per share with a total value of SAR 1.5 billion for 2018 during an ordinary general meeting (OGM) held in the previous day.
The eligibility for dividends will be for shareholders owning shares on the OGM date and those registered till the end of the second trading day following the due date, according to the lender’s statement to the Saudi Stock Exchange (Tadawul).
Dividends will be disbursed on 10 April, the statement added.
For the full-year 2018, Alinma Bank’s net profits soared 25.16% to SAR 2.517 billion, compared to SAR 2.011 billion in 2017.
By 11:06 am Saudi time, Alinma Bank’s stock fell 3.36% to SAR 24.14.
