SABB to pay H2 2016 dividend on May 4

Saudi British Bank (SABB) has amended the payment date of dividends for H2 2016 to May 4, 2017, following the Saudi Stock Exchange’s (Tadawul) switch to a T+2 settlement cycle for listed securities starting today, the bank said in a statement to Tadawul on Sunday.

Shareholders eligible to receive dividends will be those who own shares on the date of the bank’s upcoming extraordinary general assembly meeting on April 25, 2017, and those who are registered at the Securities Depository Center as of April 27.