Al Rajhi Bank board plans 11.5% cash dividend for H2 2023
Al Rajhi Bank’s board of directors recommended, on Feb. 24, an 11.5% cash dividend, at SAR 1.15 per share after Zakat, for the second half of 2023.
Dividend Details (H2 2023) |
|
Current Capital |
SAR 40 bln |
Number of Shares |
4 bln |
Total Dividend |
SAR 4.6 bln |
Percentage of Capital |
11.5% (SAR 1.15 per share after Zakat) |
Record Date |
Shareholders of record on the general assembly date and those registered with Edaa on the second trading day after the meeting date. |
Payment Date |
To be set later |
Full-Year Dividend |
|
Dividend |
SAR 9.20 bln |
Percentage of capital |
23% (SAR 2.3 per share after Zakat) |
The bank obtained the approval of the Saudi Central Bank (SAMA) for the second-half dividend.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
25/02/2024 | 24/03/2024 | 03/04/2024 | 4,600.00 | 1.15 | |
24/07/2023 | 31/07/2023 | 14/08/2023 | 4,600.00 | 1.15 | |
15/01/2023 | 21/03/2023 | 02/04/2023 | 5,000.00 | 1.25 | |
30/06/2021 | 06/07/2021 | 14/07/2021 | 3,500.00 | 0.88 | |
01/03/2021 | 29/03/2021 | 06/04/2021 | 2,500.00 | 0.63 | |
03/02/2020 | 29/03/2020 | 06/04/2020 | 3,750.00 | 0.94 | |
21/07/2019 | 24/07/2019 | 01/08/2019 | 3,750.00 | 0.94 | |
06/01/2019 | 03/04/2019 | 11/04/2019 | 3,656.25 | 0.91 | |
15/07/2018 | 18/07/2018 | 26/07/2018 | 3,250.00 | 0.81 | |
18/02/2018 | 25/03/2018 | 03/04/2018 | 4,063.00 | 1.02 |
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any
Dividend History
Consolidated cash dividend | Cash dividend per share (SAR) | * The stock price at the beginning of the period (SAR) | Return on the base price |
---|---|---|---|
Last 3 Financial years | 4.43 | 45.44 | 9.74 % |
Last 5 Financial years | 6.93 | 35.20 | 19.67 % |
Last 10 Financial years | 12.51 | 27.39 | 45.68 % |
Based on the beginning of the period (January 1 of the base year)
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Valuation Data (Latest Share Price)
P/E (TTM) | 20.69 |
P/E Before Unusual Items (TTM) | 20.69 |
P/BV | 4.10 |
Dividend Yield | 2.86 % |
Market Cap. (M) | 408,000.00 |
Return on Average Assets | 2.21 % |
Return on Average Equity | 20.79 % |
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