Riyadh – Mubasher: Arab National Bank topped the worst performers during Sunday’s session, coinciding with the general assembly’s decision regarding dividends’ payout.
The stock fell 3% to SAR 19.40 by 12:15pm KSA time.
On Thursday, the extraordinary general meeting (EGM) of the bank approved dividend payout of 4.5% for the second half of 2016 at SAR 0.45 per share, with a total value of SAR 450 million.
The bank will start the distribution on 6 April to the shareholders of record at the end of trades on the general assembly’s meeting day.
Meanwhile, traded volume reached 137,300 shares at a total value of SAR 2.68 million, through 114 transactions.
The Saudi Stock Exchange (Tadawul) added 0.12% or 8 points to reach 6,886.7 points.
The banks sector shed 0.27%.
