Dubai:
Saudi Arabia’s Samba Financial Group proposed a dividend of 0.7 riyals (18.7 cents) per share for the second half of 2014, it said in a bourse statement on Sunday.
The proposed figure is marginally higher than the 0.64 riyals per share which the bank paid for the corresponding period of 2013, according to Thomson Reuters data.
Samba Financial shares on the Tadawul exchange closed 1.30 per cent lower at 41.90 per Saudi riyal.
The banks first branch was opened in Jeddah by Citibank in 1955. The bank’s expanding presence in the Middle East, Europe and South Asia includes branches in the United Kingdom, Dubai, Pakistan, and Qatar.
