Riyadh - Mubasher: The Saudi British Bank’s (SABB) board of directors on Sunday recommended the distribution of a cash dividend at 7.1% of the stock’s par value, or 71 halalas per share, for the second half of 2017.

Total payment amounted to SAR 1.065 billion distributed over 1.5 billion shares, according to a filing to the Saudi Stock Exchange (Tadawul).

Shareholders registered with SABB at the end of the second trading day the due date will be eligible for the second-half dividends, the statement added.

Dividend payment methods and their dates will be set later, the bank concluded.

In August, SABB shareholders also cashed SAR 1.1 billion dividends for the first half of 2017 at 71 halalas a share.