Riyad Bank board declares 5% cash dividend for H1 2021

21/06/2021 Argaam Exclusive
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Riyad Bank’s board of directors, on June 20, recommended a 5% cash dividend, or SAR 0.50 per share, for H1 2021, amounting to SAR 1.5 billion.   

 

In March, the bank’s shareholders authorized the board of directors to distribute interim dividends on a quarterly or semi-annual basis for 2021, Argaam reported.

 

Dividend Details (H1 2021)

Current Capital

SAR 30 bln

Number of shares

3 bln

Dividend

SAR 1.5 bln

Percentage of capital*

5% (SAR 0.50 per share)

Record date

June 24, 2021, including shareholders registered at the Securities Depository Center two days following the dividend distribution date

Payment date

July 5, 2021

*Post Zakat deduction

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Valuation Data (Latest Share Price)

P/E (TTM) 9.53
P/E Before Unusual Items (TTM) 9.53
P/BV 1.52
Dividend Yield 5.93 %
Market Cap. (M) 88,800.00
Return on Average Assets 2.23 %
Return on Average Equity 16.61 %
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