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Riyadh – Mubasher: The Saudi National Commercial Bank (NCB) said Wednesday that its board recommended distributing cash dividends for the first half of 2016 at SAR 0.60 per share, or 6% of capital.
Shareholders of record until 2 August would be entitled to the SAR 1.2 billion dividends that will be paid out starting from 17 August.
The bank's paid-in capital stands at SAR 20 billion, divided into 2 billion shares at a nominal value of SAR 10 each.
During the second quarter, the bank's net profit rose 3.17% year-over-year to SAR 2.44 billion from SAR 2.36 billion.
Over the first six months, earnings grew 2% to SAR 5.7 billion.
Source:
Mubasher