The growing data segment and ongoing cost-cutting initiatives are the near-term drivers of Saudi Arabia’s telecom sector while the attractive dividends yield of 4.3 per cent is the sector’s key attraction, a report said.
Saudi Basic Industries Corporation (Sabic), one of the world's largest petrochemical firms, has proposed paying a cash dividend for the first half of 2014 of 2.5 riyals ($0.67) per share, it said in a bourse filing on Thursday.
Saudi International Petrochemical Co (Sipchem) will distribute 220 million riyals ($59 million) to shareholders through a first-half dividend of 0.6 riyals per share, it said in a statement to the Saudi bourse on Sunday.
The National Bank of Abu Dhabi’s NBAD Sukuk Income Fund will pay to its investors a semi-annual distribution equal to 2.87 per cent of the net asset value (NAV) of $5.2532, being the NAV as on May 29.
Accordingly, each unit
Al Baraka Banking Group will today start distributing $36.69 million cash dividend for 2013 to its shareholders.
Shareholders entitled according to the register are as of the Annual General Meeting dated March 23. The dividend pay
UAE's largest telecommunications company Etisalat said it has won approval from its shareholders to distribute full 2013 dividends of 70 fils per share.
The annoucement was made during the annual general meeting held at the co
Abu Dhabi-based utility firm Tabreed said it has won approval from the shareholders to distribute dividends of 5 fils per share.
Tabreed said the shareholders also voted to approve all resolutions tabled at the annual general asse
Al Baraka Banking Group (ABG) shareholders have approved cash dividend payout and bonus share issue amounting to $82.3 million besides the bank's move to raise its capital to $1.09 billion.
This came about during the Bahrain-b
Al Baraka Banking Group yesterday announced its board has recommended the distribution of $82.2 million dividend to shareholders.
The recommendation is subject to approval of shareholders at the Annual General Meeting (AGM) on Sun
The National Bank of Abu Dhabi (NBAD) said its board has approved the distribution of 40 per cent cash dividends and 10 per cent stock dividends for 2013 to its shareholders.
Announcing this at the annual general meeting, chairman