Samba Financial Group is keen to achieve the best return on investment for its shareholders, while enhancing its continuous efforts to develop the Group's investments and steady expansion of its business, announced Chairman of Samba Financial Group Issa al-Issa.
Issa added that as a result of the outstanding performance of the Group, its board of directors approved the recommendation of the general assembly to distribute cash dividends of 2018, around $619.7 million, and proposed a dividend of SR1.0 for the first half of the year. This exceeds what was distributed during the second half of 2017 by 33 percent.
The total profit to be distributed for the year ending 31 December reaches $1.129 billion, which is 41 percent higher than the same period in fiscal year 2017, thus recording the highest cash dividend since the group's establishment.
Issa thanked the customers, shareholders, and employees for their trust in the Group, and continuous support which had a positive impact on the achievements that meet their aspirations.
Samba came into being through a Royal Decree in 1980 and has now expanded into one of the foremost financial institutions in the Middle East.
The group describes its ways of banking as providing “superlative service, products and advice to our customers apart from investing on personnel, contributing to local communities and delivering superior returns to investors.”
Geographical diversification is part of Samba’s strategy with a view to expanding business and enhancing shareholder returns.
