Riyadh – Mubasher: Samba Financial Group’s extraordinary general meeting (EGM) will gather on 5 June to look into the board of director’s proposal to distribute cash dividends at 45 halalas per share (4.5% of the capital) for the second half of fiscal 2015, totalling SAR 1.13 billion.
Cash dividends will be paid on 16 June, according to a bourse filing.
The EGM will also consider amendments to some articles in the company’s statute.
Total dividends distributed for fiscal 2015 reached 90 halalas per share, totalling SAR 2.33 billion, according to a bourse filing.
The company earlier paid SAR 2.24 billion for fiscal 2014 (13.5% of the capital), with SAR 1.35 per share, according to data compiled by Mubasher
Samba earlier posted a net profit of SAR 5.2 billion in 2015, versus SAR 5 billion in 2014.
