Riyadh – Mubasher: Abdul Mohsen Al Hokair Group for Tourism and Development Co. (Al Hokair) on Wednesday said the Saudi British Bank (SABB) will begin on 9 May distributing dividends for the second half of 2015 at SAR 1.25 per share.

Shareholders registered in the company’s books by the end of trading on 10 March 2016 will be entitled to the dividends, the company said in a filing to the Saudi Stock Exchange.

The board previously recommended a cash dividend of SAR 1.25 per share, totalling SAR 68.75 million for H2-15 and representing 12.5% of Al Hokair’s capital.

The stock ended Wednesday’s session at a 3.25% rise to SAR 48.63.