ALAWWAL BANK ANNOUNCES THAT NO DIVIDENDS WILL BE DISTRIBUTED FOR THE FISCAL YEAR 2018 PURSUANT TO THE MERGER AGREEMENT ENTERED INTO WITH THE SAUDI BRITISH BANK (SABB)
| Element List | Explanation |
|---|---|
| Announcement Detail | Further to the 04/10/2018 announcement on the Tadawul website in connection with the entry into a merger agreement with The Saudi British Bank (SABB) which provided that Alawwal bank has undertaken, pursuant to the merger agreement, not to pay a dividend for 2018, Alawwal bank announces that the Board of Directors resolved on 03/10/2018 to recommend to the General Assembly of Shareholders that no dividends shall be distributed for the fiscal year 2018. The recommendation will be put forward for voting in the first upcoming general assembly of shareholders. |
Comments