Riyadh-Mubasher: Taiba Holding will start on 9 May distributing cash dividends at 5% of capital for the first quarter of 2016, according to a statement.
The Saudi real estate company will pay SAR 0.5 per share, with a total value of SAR 75 million ($20 million).
During Q1-16, Taiba achieved SAR 49.5 million ($13.2 million) profits as compared to SAR 202.3 million ($53.94 million) in Q1-15, a drop of 75.5%.
