Arab News, Thursday, Sep 9, 2021 | Safar 2, 1443
Saudi Banan Real Estate Co. to distribute $1.3m cash dividends in H1 2021
Saudi Arabia:
Saudi Banan Real Estate Co.
has approved cash dividends amounting to SR5 million ($1.3 million) to
shareholders for the first half of 2021, according to a bourse statement.
Eligible shares will be entitled to a dividend of
SR0.25 per share, for representing 2.5 percent of the nominal share value, the
company said on Wednesday.
The distribution time will be confirmed on due
time, the company said.
Banan’s net profit jumped 53 percent at the end of
first half of 2021, year-on-year, reaching SR12.9 million ($3.4 million)
compared to SR8.5 million in the same period of last year, Argaam reported last
week.