Alba processes the second dividend since being listed on the Bahrain Bourse and the London Stock Exchange and the dividend amount to $102 million and their value is equivalent to 27 fils per share
The dividend distribution was approved by relevant regulatory authorities and Alba’s board of directors.
Out of the total dividends amount to $102 million, of which $71 million will be going to Bahrain Mumtalakat Holding Company, $21 million will be going to Saudi Basic Industries Corporation, and $10 million to Alba’s other institutional and retail shareholders as at Monday, August 1, 2011.
“After paying the second installment of 2010 dividends in April 2011, $165 million, this interim dividend comes in less than a year after going public in November 2010 and endorses Alba’s strong business model that has successfully delivered returns to its shareholders,” the Chairman of Alba’s Board of Directors, Mahmood Hashim Al Kooheji, said.
“It also emphasises the company’s accomplishments in achieving higher productivity and profitability through a focused approach on operational efficiency,” he added.