Riyadh-Mubasher: Taiba Holding said its board proposed the distribution of cash dividends for the fourth quarter of 2015 at 5% of capital, or SAR 0.5 a share, totalling SAR 75 million.
Shareholders of record on the date of the upcoming general meeting are eligible for the dividends.
The dates of the meeting and payout will be announced later.
Net earnings for 2015 reached SAR 437 million, down 64% compared with SAR 1.2 billion a year earlier.
The company operates with SAR 1.5 billion capital, divided into 150 million shares at a par value of SAR 10 each.
The stock closed Wednesday with a rise of 2% to SAR 32.40.
