Riyad Bank announces the board of director’s recommendation to distribute cash dividends for The Second Half of 2023

Riyad Bank announces the board of director’s recommendation to distribute cash dividends for The Second Half of 2023



13 February 2024 08:02 AM

Element List

Explanation

Introduction

Riyad Bank announces the Board of Directors' recommendation to distribute cash dividends to shareholders for the second half of 2023

Date of the board’s recommendation

2024-02-12 Corresponding to 1445-08-02

The Total amount distributed

SAR 2,246,250,000

Number of Shares Eligible for Dividends

2,995,000,000

Dividend per share

SAR 0.75 after deduction of Zakat

Percentage of Dividend to the Share Par Value (%)

7.5 %

Eligibility date

The eligibility date of the dividends shall be at the end of trading day of the Bank’s General Assembly meeting day (which will be announced at a later date) for the shareholders registered in Depository Center at the end of the second trading day following the General Assembly Meeting date.

Distribution Date

Will be announced at a later date

The name of other official authorities and the details of their non-refusal to the recommendation or decision

It should be noted that the Bank has obtained no-objection from the Saudi Central Bank to distribute cash dividends to ?shareholders for the second half of ??2023?.

Additional Information

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