Riyadh-Mubasher: Shareholders of Samba Financial Group gave a nod to the payment of cash dividends for the second half of 2014 at SAR 0.70 per share, totaling SAR 1.197 billion.
The group paid SAR 1.045 billion for H1-14. Thus, the cash dividend paid for the fiscal year 2014 reaches SAR 1.35 a share, totaling SAR 2.242 billion.
Shareholders of record on 19 March are eligible for H2 cash dividend which will be paid on 31 March.
During Wednesday’s meeting, shareholders gave the go-ahead for increasing capital from SAR 12 billion to SAR 20 billion, through two-for-three bonus share distribution.
The capital will be raised through capitalizing SAR 8 billion from retained earnings, to boost the group’s capital base.
