Kingdom Holding recommends dividends for 2020

Riyadh –  Kingdom Holding Company's board of directors has recommended the distribution of quarterly cash dividends from retained earnings during 2020 at 1.25%, 5% for the full year of the shares’ nominal value.

The dividends will be distributed at SAR 0.125 per share quarterly, bringing the total of the year to SAR 0.5 per share, at a total of SAR 163.9 million, according to a stock market disclosure on Tuesday.

Quarterly cash dividends amount to a total of SAR 655.9 million for the year, with a total number of shares of 3.70 billion.

This figure was determined after Chairman Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud gave up his full entitlement of his share of the proposed annual cash distributions, which totalled SAR 0.34 per share with a total of SAR 1.197 billion, or SAR 0.085 per share with a total amount of SAR 299.2 million.

The eligibility for the payment of cash dividends will be based on the following, the records of registered shareholders according to company records at the end of 31 March 2020 and will be paid after 10 working days from the second trading day after the eligibility date.

Furthermore, eligibility will be based on the records of registered shareholders according to company records at the end of trading on the day of 30/06/2020 and will be paid after 10 working days from the second trading day after the eligibility date.

Eligibility will be based on the records of registered shareholders according to company records at the end of trading on the day of 30 September 2020 and will be paid after 10 working days from the second trading day after the eligibility date.

In addition, eligibility will be based on the records of registered shareholders according to company records at the end of trading on 31 December 2020 and will be paid after 10 working days from the second trading day after the eligibility date.