Riyadh-Mubasher: Taiba Holding shareholders approved Monday the distribution of cash dividends for the fourth quarter of 2015 at 5% of capital, or SAR 0.50 a share.
Shareholders of record on the ordinary general meeting date are entitled to receive the dividends which will be paid within two weeks from the approval date.
During the meeting, shareholders approved the dividends paid for the first three quarters of 2015 at 15% of capital, or SAR 1.50 a share.
Shareholders also reviewed financial statements and the board's report for 2015.
FY15 net earnings declined 64% to SAR 436.92 million, compared with SAR 1.2 billion a year earlier.
The stock rose 0.9% to SAR 33.80 on Monday.
