SAR 962.5 million cash dividends to Mobily shareholders for the first quarter of 2014

May 1, 2014 1:54 pm

Etihad Etisalat (Mobily) announced that the Board of Directors has decided during his meeting held on 30/04/2014 the distribution a total amount of SAR 962.5 million as an interim cash dividends for the first quarter of the financial year 2014 as follows: SAR 1.25 per share representing 12.5% of the nominal value of the share.

The eligibility of dividends shall be for the shareholders registered in the registers of the Securities Depository Center (Tadawul) at the end of the trading day on 06/05/2014. Dividend Payment date will be 13/05/2014 and the disbursement shall be through direct deposit into the bank accounts linked to the investment portfolios of the shareholders.

Etihad Etisalat has announced earlier the interim financial results for the period ending on 31/03/ 2014 (three months).

The net profit for the first quarter is 1,400 million Riyals, compared to 1,340 million Riyals for the same period of last year, with an increase of 4% , compared to 2,039 million Riyals for the previous quarter with a decrease of 31%. It is worth mentioning that the results of the last quarter of the year are usually better than the following first quarter as it coincides with Haj season and end of year occasions. Earnings per share from first quarter reached 1.82 Riyals in comparison to 1.74 Riyals for the same quarter of last year.