Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Asharq Al-Awsat
Asharq Al-Awsat
World
Riyadh - Asharq Al-Awsat

‘Samba’ Distributes $510 Mn of Dividends to Shareholders for H1 2018

Chairman of Samba Financial Group Eisa bin Mohammed al-Eisa. Asharq Al-Awsat

Chairman of Samba Financial Group Eisa al-Eisa stressed the Group’s keenness to achieve the best profits for its shareholders.

He said Samba puts continuous efforts to develop its investments, expand its business and maintain an increasing pace of development that preserves its leading role within the Saudi banking sector.

As a result of the outstanding performance of the group, the board of directors has decided to recommend distributing interim cash dividends to the group’s shareholders for the first half of 2018, Eisa said.

The total distributed amount is SAR1,911 billion ($510 million), and the dividend per share will be 80 Halalas net of Zakat, exceeding what was distributed in the same period of fiscal year 2016 with an increase by 78 percent and an increase by six percent over the same period of 2017.

Eisa also expressed pride in the trust and support of the Group's customers, shareholders and employees, which has had a positive impact on the continuation of qualitative achievements in line with their aspirations.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.