Kingdom Holding Company (KHC), the investment firm chaired by Prince Alwaleed Bin Talal, said it plans to distribute SR550.3 million ($146.6 million) annual cash dividends out of its accumulated retained earnings during 2012.
The cash dividend represents a payment of 5 percent of capital or 50 halalas per share to the public shareholders, said Prince Alwaleed at the KHC board meeting.
It reflects KHCs strategy to distribute cash back to its shareholders as the company continues to experience improving results on the path of continuous profitability through its sound strategic plan, he added.
No comments:
Post a Comment