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NCB to distribute 12% cash dividends

NCB to distribute 12% cash dividends
The bank will distribute dividends at SAR 1.2 per share
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Riyadh – Mubasher: The National Commercial Bank (NCB) announced the distribution of SAR 3.6 billion cash dividends to its shareholders for the second half (H2) of 2019

With the total number of eligible shares at 3 billion, dividends per share will be at SAR 1.2 (after zakat), representing 12% of the share’s par value, according to a statement to the Saudi Stock Exchange (Tadawul).

NCB achieved a 16.3% growth in net profits during the first nine months of 2019 to SAR 8.01 billion, as revenues increased by 9.02% to SAR 14.57 billion by the end of September.