Bank Albilad’s extraordinary general assembly meeting (EGM) on May 8 approved a 5 percent cash dividend amounting to SAR 300 million (SAR 0.5 per share), which will be distributed on May 25, the bank said in a statement to Tadawul on Tuesday.
Shareholders approved the appointment of PricewaterhouseCoopers as external auditors for fiscal year 2017, and remuneration of SAR 3.9 million for the board of directors.
The EGM also approved renewing leasing contracts with Mohammed bin Ibrahim Alsubeaei Co. (MASIC). Last year’s contracts were worth over SAR 3.5 million.
Moreover, shareholders approved leasing contracts for 2018 with Khalid Abdulaziz Al- Almukairin Holding Company. Deals in 2016 were worth over SAR 4 million.
|
Cash Dividend Details (2016) |
|
|
Current capital |
SAR 6 bln |
|
Number of shares |
600 mln |
|
Cash dividend |
SAR 300 mln |
|
Percent capital |
5% (SAR 0.5/share) |
|
Record date |
May 8, 2017 |
|
Payment day |
May 25, 2017 |
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