National Commercial Bank’s (NCB) shareholders have approved an 11 percent cash dividend for the second half of 2018 during the general assembly meeting held on April 10, 2019.
Shareholders have also approved purchasing the bank’s shares up to SAR 125 million or 3.2 million shares to allocate them for employee incentive program.
Meanwhile, they have delegated the bank’s board of directors to distribute dividend for FY 2019.
|
Dividend Details (H2 2018) |
|
|
Current capital |
SAR 30 bln |
|
Number of shares |
3 bln |
|
Dividend* |
SAR 3.2927 bln |
|
Percentage of capital |
11% (SAR 1.1/share) |
|
Record date |
April 10, 2019 |
|
Payment day |
April 24, 2019 |
|
Dividend Details (FY 2018) |
|
|
Dividend |
SAR 6.2821 bln |
|
Percentage of capital |
21% (SAR 2.1/share) |
* The number of eligible shares is 2.9934 billion share after subtracting treasury stocks.
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