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SABB to pay SAR 1.18bn cash dividends for H1

SABB to pay SAR 1.18bn cash dividends for H1
SABB will pay SAR 0.6 per share for H1-19
SAB
1060
18.00% 41.30 6.30

Riyadh – Mubasher: The board of directors of the Saudi British Bank (SABB) has proposed distributing 6% cash dividends to its shareholders for the first half of 2019.

The Saudi-based lender will pay dividends worth SAR 1.18 billion, or SAR 0.6 per share, for H1-19, according to the bank’s recent statement to the Saudi Stock Exchange (Tadawul).

The Eligibility date shall be at the end of trading day 19 August for the shareholders registered in Depository Center (Edaa) at the end of the second trading day following the dividends distribution date.

It is worth mentioning that SABB’s net profits fell by 52.8% to SAR 851 million, from SAR 1.8 billion in H1-18.