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Taiba to pay 4.5% dividend for Q1

Taiba to pay 4.5% dividend for Q1
Taiba Investments reported an increase of 15% in Q1 profits
TAIBA
4090
35.58% 37.15 9.75

Riyadh – Mubasher: The Tadawul-listed Taiba Investments Co will distribute 4.5% of the capital as cash dividends for the first quarter of 2019.

Taiba will pay SAR 0.45 per share on 30 June as cash dividends to the entitled shareholders of record date 16 June.

The dividends will be transferred to the investment accounts of the shareholders’ portfolios through Riyad Bank, according to a bourse filing to the Saudi Stock Exchange (Tadawul) on Wednesday.

During Q1-19, Taiba Investments reported an increase of 15% in profits to SAR 31.3 million from SAR 27.2 million in Q1-18.