Riyadh – Mubasher: The board members of Bank Albilad has recommended, on Wednesday, to distribute 5% cash dividends for the fiscal year 2016.
The bank will pay SAR 0.5 per share to the entitled shareholders, with a total value of SAR 300 million, according to a bourse filing issued on Thursday.
“This dividend will be distributed over the current outstanding 600 million shares,” Bank Albilad said.
It is noteworthy that the extraordinary general meeting held in April approved a capital hike by 20% to SAR 6 billion from SAR 5 billion.
