Riyadh – Mubasher: The Saudi British Bank (SABB) on Thursday said that its board of directors recommended distributing SAR 1.5 billion in cash dividends at SAR 1 per share for the second half of 2018.
Dividends represent 10% of the share’s par value, while they will be distributed on 1.5 billion shares, according to a statement to the Saudi Stock Exchange (Tadawul).
SABB further noted that the date of dividends eligibility and payment will be announced later.
SABB last reported a 15.14% year-on-year profit increase during the third quarter of 2018, reaching SAR 1.247 billion, up from SAR 1.083 billion.
From January to September 2018, SABB’s profits levelled up 14.47% to SAR 3.718 billion, versus SAR 3.248 billion in the prior-year period.
By 10:36 am Saudi time, SABB’s stock levelled up 2.60% to SAR 33.60.
