|24 June, 2019

Saudi Kingdom Holding to pay 5% cash dividends for FY18

The general assembly also approved the board’s and audit’s reports on 2018 business

Saudi traders monitor stocks at a Saudi Bank in Dammam October 26, 2008.

Saudi traders monitor stocks at a Saudi Bank in Dammam October 26, 2008.

REUTERS/Stringer

Riyadh –  The shareholders of Kingdom Holding Company (KHC) approved distributing 5% cash dividends for full-year 2018 during a general assembly meeting held on Sunday, 23 June.

The global investment firm owned by Saudi Arabian billionaire Prince Alwaleed bin Talal will pay SAR 0.5 per share for the year ended 31 December 2018, according to a bourse filing on Monday.

The general assembly also approved the board’s and audit’s reports on 2018 business.

It also agreed to discharge the current board of directors.

Source: Mubasher

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