VOL. XLVI
No 34
25-August-2003
SAUDI ARABIA
REGIONAL BANKING
NCB $224Mn Dividend Payout Presages Share Issue, Say Analysts
Saudi Arabias Jiddah-based National Commercial Bank (NCB) has announced that it is to distribute a dividend of SR7 ($1.87) per share for the first half of 2003 a move which analysts say is a precursor to a new share issue for the bank. The decision to pay a dividend was taken by the banks board of directors, and is the first such move since 1997 when NCB became a shareholding...
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