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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