RIYADH: 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.
