Riyadh – Mubasher: The board of Taiba Investments Company proposed a cash dividend distribution of SAR 0.45 per share for the fourth quarter (Q4) of the fiscal year (FY) 2019, during its meeting held on Wednesday, 26 February.

Total dividends reached SAR 72.2 million, while the number of shares qualified for dividends totalled 160.46 million, according to a stock exchange statement on Thursday.

Dividends will be paid to the shareholders registered in the Securities Depository Center Company at the end of the second business day following the eligibility date.

Moreover, the firm noted that the total distributed and recommended dividends for last year will amount to SAR 288.823 million, equivalent to SAR 1.80 per share and representing 18% of the share’s nominal value.

Earlier today, Taiba reported higher profits by 167% on an annual basis by 2019 year-end to SAR 171.86 million, compared to SAR 64.35 million in 2018.