Saudi British Bank’s (SABB) extraordinary general meeting (EGM) approved on Tuesday a 3.5 percent cash dividend (at SAR 0.35 per share) for the second half of 2016.

 

In addition, shareholders approved a remuneration of SAR 2.7 million for the board of directors for fiscal year 2016.

 

The EGM also approved the board of directors’ recommendation to appoint KPMG Al Fawzan & Partners and Ernest & Young as auditors for fiscal year 2017.

 

SABB was approved to secure syndicated facilities worth SAR 450 million from local or foreign banks.

 

Cash Dividend Details (H2 2016)

Current Capital

SAR 15 bln

Number of shares

1.5 bln shares

Cash dividend

SAR 525 mln

Percent capital

3.5% (SAR 0.35/share)

Record date

April 27

Payment day

May 4

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SAB
34.60
(0.15) (0.43%)
Created with Highstock 6.0.710:0011:0012:0013:0034.5534.6034.6534.7034.7534.80
Close : 34.60 | Apr 14, 12:05
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