Kingdom Holding board has announced distribute quarterly cash Dividend

23/02/2015 10:33 AST

Kingdom Holding Company's board of directors has announced in their meeting, 03/05/1436H corresponding to 22/02/2015, their recommendation to the General Assembly of Shareholders to distribute quarterly cash dividends from retained earnings of 1.25% (5% for the full year) of the shares nominal value, by distributing 12.5 Halalas per share quarterly (the total for the year is 0.50 Riyals per share) for a total of 163.9 million riyals as quarterly cash dividends totaling to 655.9 million Riyals for the year.

This figure was determined after the Chairman of the Board, His Royal Highness Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud, gave up his full entitlement of his share of the proposed annual cash distributions, which totaled 34 Halalas per share (1,197 million Riyals), or 8.5 Halalas per share (299.2 million Riyals quarterly).

Note that eligibility for the payment of cash dividends will be based on the following: First payment: eligibility will be based on the records of registered shareholders according to company records at the end of trading on the day of the AGM, which will be held once approved by the appropriate authorities and will be paid after two weeks after the eligibility date.

Second payment: eligibility will be based on the records of registered shareholders according to company records at the end of trading on the day of 13/09/1436H corresponding to 30/06/2015 and will be paid after two weeks after the eligibility date.

Third payment: eligibility will be based on the records of registered shareholders according to company records at the end of trading on the day of 17/12/1436H corresponding 30/09/2015 and will be paid after two weeks after the eligibility date.

Fourth payment: eligibility will be based on the records of registered shareholders according to company records at the end of trading on the day of 20/03/1437H corresponding to 31/12/2015 and will be paid after two weeks after the eligibility date.

Tadawul