Al Rajhi Bank shareholders to vote on 10% dividend for 2020 on March 29

Al Rajhi Bank shareholders are set to vote on the board's recommendation on distributing a 10% cash dividend, or SAR 1 per share, for 2020, during the ordinary general meeting (OGM) to be held on March 29, 2021.

Dividend Details
Current Capital	SAR 25 bln
Number of shares	2.5 bln shares
Dividend	SAR 2.5 bln
Percentage of capital	10% (equivalent to SAR1 per share)
Record date	March 29, 2021, and for shareholders registered in the company's shareholders register at the Securities Depository Center for trading at the end of the second trading day following the due date.
Payment date	April 6, 2021

Shareholders will also vote on authorizing the board of directors to distribute quarterly or semi-annual interim dividends for the fiscal year 2021.

Meanwhile, shareholders will also look into the formation of Sharia board, to commence from the date of the OGM and run for a three-year term ending March 28, 2024. The board will have the following members:

1) Sheikh Suleiman bin Abdullah Al Majid

2) Sheikh Abdulaziz bin Hamin Al Hamin

3) Sheikh Saleh bin Abdullah Al Lahidan

4) Sheikh/ Abdullah bin Nasser Al Salami

5) Sheikh Saad bin Turki Al Khathlan

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Valuation Data (Latest Share Price)

P/E (TTM)	20.35
P/E Before Unusual Items (TTM)	20.35
P/BV	3.94
Dividend Yield	2.66 %
Market Cap. (M)	374,000.00
Return on Average Assets	2.16 %
Return on Average Equity	20.34 %

Al Rajhi Bank shareholders to vote on 10% dividend for 2020 on March 29

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Valuation Data (Latest Share Price)

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