Riyadh – Mubasher: The board of directors of Bank Aljazira recommended a cash dividend distribution of SAR 0.30 per share for the earnings of the second half of 2019.

The total value of dividends amounted to SAR 246 million, excluding applicable taxes and zakat, the lender said in a statement to the Saudi Stock Exchange (Tadawul) on Sunday.

The eligibility of dividends will be for shareholders registered in the Depository Center (Edaa) at the end of the second trading day following the ordinary general meeting (OGM) date to be determined later.  

The payment date will be determined after the shareholders’ approval on the proposed dividends.

It is noteworthy that during the third quarter of 2019, Bank Aljazira’s net profit grew by 3.8% to SAR 256.9 million, compared to SAR 247.4 million in Q3-18.