FINANCIAL NEWS

Saudi-Alinma Bank confirms SR745mn dividend

10 Apr 2017

(MENAFN) Alinma Bank confirmed the distribution of SR745mn in dividends to shareholders for last year at its first extraordinary general assembly.

Additionally, the dividend payment equals 5 percent of its capital after deductions for Zakat, while all recorded shareholders of the assembly are eligible to deliver their share of the payment.

Meanwhile, the assembly approved that an amount of not more than 1 percent of the bank’s revenue would be allotted annually to a reserve account for corporate social efforts.

Moreover, the assembly also approved all other agenda items showed amid the course of the meeting, among them, the discharge of the members of the board of directors.

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