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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