Riyadh – Mubasher: The Saudi British Bank (SABB) on Tuesday announced that its shareholders had approved a cash dividend distribution of SAR 1 per share for the second half of 2018 during an ordinary general meeting (OGM) held the previous day.
Dividends will be paid on 10 April to shareholders registered at the end of the second trading day following the OGM date which corresponds to 3 April, according to a statement to the Saudi Stock Exchange (Tadawul).
In July 2018, SABB’s board of directors decided to distribute cash dividends of SAR 0.96 per share for the first half of 2018.
For the full-year 2018, the Saudi lender’s profits surged 24.6% to SAR 4.93 billion, compared to SAR 3.96 billion in the prior year.
By 10:46 am Saudi time, SABB’s stock fell 1.52% to SAR 38.85.
