Samba shareholders to vote on H2 2018 dividend in March

Samba Financial Group’s (Samba) shareholders will vote on the board’s proposal for a 10 percent cash dividend, to be issued at SAR 1 per share for H2 2018 on Mar. 25, 2019, the company said in a bourse statement on Sunday.

The dividend will total SAR 2.32 billion, and will be distributed to eligible shareholders registered at the Security Depository Center on Mar. 25.

Shareholders will also approve the distribution of cash dividends for H1 2018 at a total value of SAR 1.9 billion, or SAR 0.80 per share, bringing the full-year dividend to a total of SAR 4.23 billion (SAR 1.80 per share).   

The general assembly will vote on board remuneration of SAR 4.8 million and the discharge of board directors from liability for previous year.

The board report, financial statements and external auditor’s report for fiscal year 2018 will be also reviewed. 

Samba will also hire an external auditor for the current fiscal year.