Six companies listed on the Saudi Stock Exchange (Tadawul) announced the size of their profits that they will distribute to their shareholders for the first half of this year during the coming period, which amounted to 4.3 billion riyals ($1.14 billion).

Six companies listed on the Saudi Stock Exchange (Tadawul) announced the size of their profits that they will distribute to their shareholders for the first half of this year during the coming period.

Two banks and four companies

<Al Rajhi Bank accounted for 57 percent, while Banque Saudi Fransi accounted for 29.4 percent, or 86 percent, and the remaining 14 percent was held by the four shareholding companies, namely Qassim Cement, Harfi Foods, Yanbu Cement and Advanced Petrochemicals.

Al Rajhi Bank distributes 2.438 million

Al Rajhi Bank announced that the Board of Directors approved the recommendation to distribute cash dividends worth 2.438 billion riyals to the bank's shareholders for the first half of the current fiscal year, which is 1.5 riyals per share, representing 15 percent of the nominal value of the share, compared to distributions worth 1.219 billion riyals for the first half of last year, at 75 fils profit per share, an increase of 100 percent.

Rajhi Bank announced the approval of the Board of Directors to recommend distributing cash dividends worth 2.438 billion riyals to the bank's shareholders for the first half of the current fiscal year.

Bank Saudi Fransi recommends 1.259 billion riyals

Bank Saudi Fransi's Board of Directors recommended distributing cash dividends to shareholders for the first half of this year amounting to 1.259 billion riyals for 1.199 billion shares eligible for dividends, at 1.05 riyals profit per share, representing 10.5 percent of the nominal value of the share. Dividend eligibility will be for the bank's shareholders who own the shares on the due date set on the 16th of this month.

and those registered in the bank's records with the Securities Depository Center Company (SDC) at the end of the second trading day following the due date, corresponding to the 18th of this month, while the distribution date will be on the 27th of this month.

Harvey Food Services approves 64.68 million riyals

The Board of Directors of Harfi Food Services Company (Harfi Foods) also recommended distributing cash dividends to the company's shareholders for the first half of the current year amounting to 64.68 million riyals for 64.68 million shares, at one riyal profit per share, representing 10 percent of the nominal value of the share. The company determined the eligibility of dividends for its shareholders who own shares on the due date on the 16th of this month, and who are registered in the company's records at the Depository Center by the end of the second trading day following the due date, which falls on the 18th of this month, while the dividend distribution date will be on August 3 next.

Yanbu Cement Company earns 125 million riyals

The Board of Directors of Yanbu Cement Company recommended distributing cash dividends to the company's shareholders for the first half of this year amounting to SAR 118.125 million for 157.5 million shares, at 75 fils profit per share, representing 7.5 percent of the nominal value of the share. The company determined the eligibility of dividends for shareholders owning shares on August 15 and registered in the shareholders« register issued at the Depository Center by the end of the second trading day following the due date, while the distribution date will be announced later.

Distribution date will be announced later.

Qassim Cement's profits amounted to 58.5 million riyals

<Qassim Cement's Board of Directors recommended distributing cash dividends to the company's shareholders for the second quarter of this year amounting to 58.5 million riyals for 90 million shares, at 65 halala profit per share, representing 6.50 percent of the nominal value of the share of 10 riyals. The company announced a dividend of 76.5 million riyals for the first quarter of this year, bringing the total dividend for the first half to 135 million riyals.

Advanced Petrochemical Company recommends distributing 137.8 million riyals

<The Board of Directors of Advanced Petrochemical Company recommended distributing cash dividends to shareholders for the second quarter of this year, amounting to 137.8 million riyals for 196.79 million shares eligible for dividends, at 70 halala per share, or 7 percent of the nominal value of the share. The company had announced a dividend of SAR 137.8 million for the first quarter, bringing the total dividend for the first half to SAR 275.6 million.