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Samba pays out SAR0.45/shr H1 dividends

Samba pays out SAR0.45/shr H1 dividends
dividends will be paid out on 25 July 2016
SAMBA
1090
4.62% 38.50 1.70

Riyadh – Mubasher: Samba financial group approved distributing cash dividends at SAR0.45 per share, or 4.5% of capital, totaling SAR1200 million for the first half of 2016, according to a bourse filing.  

Shareholders of record until 12 July would be entitled to the cash dividends that will be paid out on 25 July 2016.

Moreover, the company announced the closure of its branch in London as it is financially infeasible, notifying the regulatory bodies in Saudi Arabia and United Kingdom of this decision.

There will be no significant financial impact on the group due to this decision, Samba concluded.