Complex Made Simple

Samba Financial Group to issue $0.21 dividend

Saudi Arabia's second-largest bank by market value, Samba Financial Group has said it will issue a dividend of SR0.80 ($0.21) per share for the first half of 2012, Saudi Gazette has reported. Samba posted a 5.1% rise in second-quarter net profit last week on the back of an increase in operating income. "The board of directors decided to distribute dividends for the first half of 2012 amounting to SR890m at 80 halala per share net of Zakat," the firm said.