Riyadh – Mubasher: The board members of Arab National Bank has recommended to the ordinary general meeting a dividend payout of 4.5% for the second half of 2016.
The bank’s board proposed distributing SAR 0.45 per share with a total value of SAR 450 million, according to a bourse statement issued on Tuesday.
Arab National Bank said that this recommendation comes in addition to an interim dividends of SAR 450 million distributed for the first half of 2016; thus, the total dividends distribution for the fiscal year 2016 stands at SAR 900 million or SAR 0.90 per share representing 9% of the share par value net of Zakat.
On the stock level, the bank ended Tuesday’s trading session higher with 1.16% to close at SAR 21.75.
