Riyadh – Mubasher: Saudi Arabia’s Samba Financial Group on Tuesday announced that its shareholders had approved distributing a cash dividend of SAR 1 per share for the second half of 2018 during an ordinary general meeting (OGM) held in the previous day.
The OGM also approved the distributed cash dividends for the first half of 2018 at SAR 0.80 a share, the kingdom-based lender said in a statement to the Saudi Stock Exchange (Tadawul).
The eligibility for H2-18 dividends will be for shareholders registered till the end of the second trading day following the OGM date and the dividends will be distributed on 7 April.
For the full-year 2018, Samba Financial Group’s profits rose 10% to SAR 5.53 billion, compared to SAR 5.02 billion in 2017.
By 02:15 pm Saudi time, Samba’s stock fell 1.59% to SAR 37.15.
