Taiba Holding Co.’s board of directors on Wednesday has recommended a 4 percent cash dividend for the first quarter of 2018, at SAR 0.40 per share, amounting to SAR 60 million, the firm said in a statement to Tadawul.

 

Payment date will be announced later, the firm said.

 

Registered shareholders at Edaa by the end of the second trading date following the record date are eligible to receive the dividends, it added.

 

Dividend Details (H1 2018)

Current capital

SAR 1.5 bln

Number of shares

150 mln

Dividend

SAR 60 mln

Percentage of capital

4% (SAR 0.4/share)

Record date

May 31, 2018

Payment day

To be determined

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