Riyadh – Mubasher: Saudi Arabia-based Bank AlJazira on Sunday said that its board of directors recommended distributing SAR 410 million in cash dividends for the full year of 2018.
The amount will be distributed at SAR 0.50 per share, representing 5% of the share’s par value, according to a statement to the Saudi Stock Exchange (Tadawul).
Dividends will be eligible for shareholders of record at the end of the meeting's date, while distributions date will be specified later.
Bank AlJazira last reported a 12% year-on-year profit rise during the third quarter of 2018, reaching SAR 255.1 million, up from SAR 227.6 million.
From January to September 2018, Bank AlJazira’s net profits went up 14% to SAR 753.8 million, against SAR 663.8 million in the prior year period.
Bank AlJazira’s stock levelled up 1.39% to close Sunday’s trading activities at SAR 14.60.
