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Kingdom Holding Company's Board of Directors Approved the Distribution of Quarterly Cash Dividends from Retained Earnings

KINGDOM 4280 1.13% 7.18 0.08

Kingdom Holding Company's board of directors has announced in their meeting, 14/07/1438H corresponding to 11/04/2017, their decision to distribute quarterly cash dividends from retained earnings of 1.25% (5% for the full year) of the shares nominal value, by distributing 12.5 Halalas per share quarterly (the total for the year is 0.50 Riyals per share) for a total of 163.9 million riyals as quarterly cash dividends totaling to 655.9 million Riyals for the year for number of shares 3,705,882,300.
This figure was determined after the Chairman of the Board, His Royal Highness Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud, gave up his full entitlement of his share of the proposed annual cash distributions, which totaled 34 Halalas per share (1,197 million Riyals), or 8.50 Halalas per share (299.2 million Riyals quarterly).
Note that eligibility for the payment of cash dividends will be based on the following:

First payment: eligibility will be based on the records of registered shareholders according to company records at the end of trading on 12 April 2017 and will be paid on 23 April 2017.

Second payment: eligibility will be based on the records of registered shareholders according to company records at the end of trading on the day of 06/10/1438H corresponding to 30/06/2017 and will be paid ten days after the eligibility date.

Third payment: eligibility will be based on the records of registered shareholders according to company records at the end of trading on the day of 10/01/1439H corresponding 30/09/2017 and will be paid ten days after the eligibility date.

Fourth payment: eligibility will be based on the records of registered shareholders according to company records at the end of trading on the day of 13/04/1439H corresponding to 31/12/2017 and will be paid ten days after the eligibility date.

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