Saudi British Bank’s (SABB) board of directors has recommended a 7.1 percent cash dividend to be issued at the rate of SAR 0.70 per share for the first half of 2017.
Dividends distributed to non-resident foreign investors through a resident financial broker are subject to 5 percent tax deduction, as per the income tax law, the bank said in a statement.
|
Cash Dividend Details (H1 2017) |
|
|
Current Capital |
SAR 15 bln |
|
Number of shares |
1.5 bln |
|
Cash dividend |
SAR 1.065 bln |
|
Percent capital |
7.1% (SAR 0.71/share) |
|
Record date |
Aug. 3, 2017 |
|
Payment day |
Aug. 17, 2017 |
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