Riyadh – Mubasher: Saudi British Bank (SABB) convened an extraordinary general meeting on Tuesday, during which shareholders gave the green light for distributing cash dividends for the second half of 2015 at SAR 0.35 per share, or 3.50% of the stock’s par value, totalling SAR 525 million after zakah.
Shareholders of record on the EGM date will be entitled to receive the dividends that will be distributed as of 5 April.
The EGM also endorsed the SAR 600 million distributed cash dividends for the first half of 2015.
Thus, the full-year dividend payout will amount to SAR 1.12 billion, or SAR 0.75 per share, representing 7.50% of the stock’s par value.
SABB’s FY15 net profit rose by 1.52% to SAR 4.33 billion, from SAR 4.27 billion a year earlier.
