Riyadh – Mubasher: The Saudi British Bank’s (SABB) board of directors recommended the distribution of cash dividends to shareholders for the first half of 2017.
Total distributions amount to SAR 1.7 billion and will be distributed at 71 halalas per share, representing 7.1% of the share's par value, according to a bourse filing on Thursday.
Shareholders registered by the end of the second trading day following the record date, 3 August, will be entitled to the dividends, the statement added, noting that dividends will be distributed on 17 August.
By 12:16 pm Saudi time, SABB’s stock increased 0.78% to SAR 27.
