Kingdom Holding to pay its first annual cash dividend

Newswire

JEDDAH, Dec 18 (Reuters) - Saudi investment firm Kingdom Holding plans to pay its first annual cash dividend from accumulated retained earnings, amounting to 550 million riyals ($146.7 million), it said in a statement on Saturday. Shares in Kingdom Holding, which are 95 percent owned by its Chairman Prince Alwaleed bin Talal, jumped 4 percent in early trading. Shares reached 8.10 riyals by 08:27 GMT. "The cash dividend represents a payment of 5 percent of capital or 50 Halalas per share ...

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