Alawwal Bank plans dividend for FY17

26/12/2017 Argaam

 

Alawwal Bank’s board of directors has recommended a 2.5 percent cash dividend for fiscal year 2017, at SAR 0.25 per share, amounting to SAR 285.77 million.

 

The bank’s general assembly had previously approved a decision to withhold cash dividend for fiscal year 2016 to support the bank’s financial position and future plans, Argaam reported earlier.

 

Cash Dividend Details (FY 2017)

Current capital

SAR 11,430.7 mln

Number of shares

1,143.1 mln

Cash dividend

SAR 285.77 mln

Percent capital

2.5% (SAR 0.25 per share)

Record date

General assembly meeting (H1 2018)

Payment date

To be determined

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