Riyadh – Mubasher: Samba Financial Group’s extraordinary general meeting (EGM) approved the board’s recommendation to distribute 50 halalas per share as a dividend for the second half of the fiscal year 2016.
Distributions represent 5% of the share’s nominal value and total SAR 1.23 billion, according to a filing to the Saudi Stock Exchange (Tadawul).
The EGM approved the board of directors’ and auditors’ reports, consolidated financial statements, and the profit and loss account for FY16.
Eligibility of the dividends for H2-16 will be for shareholders registered in the group’s register at the depository centre at the end of the trading session Tuesday, 2 May.
Payouts will be given to shareholders on Tuesday, 16 May.
Samba’s stock closed Sunday’s trades up 0.89%, reaching SAR 21.60.
