Riyadh – Mubasher: National Commercial Bank - Saudi Arabia’s (NCB) said Sunday that its board of directors has recommended the of cash dividends of SAR 1 per share (10% of the stock’s nominal value) for the second half of fiscal 2016, totaling SAR 1.997 billion.
The dividend eligibility will be for shareholders registered by the end of trading on the date due to be set for general meeting, according to a bourse statement.
For foreign non-resident investors, the dividend paid by the company is subject to a withholding tax of 5% upon transfer to the non-resident investor or credit to its account, the statement added.
