Al Rajhi Bank’s shareholders have approved a 25 percent cash dividend for the second half of 2017 at SAR 2.5 per share, totaling SAR 4,063 million.
The Saudi bank paid a dividend of SAR 1.5 per share, or 15 percent of capital, for H1 2017.
During the bank’s general meeting, shareholders also approved the board of directors’ report, an audit report and all financial statements for 2017.
Shareholders also selected an external auditor for 2018 and discharged board members from liability associated with their activities in 2017.
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Cash Dividend Details (H2 2017) |
|
|
Current capital |
SAR 16,250 mln |
|
Number of shares |
1,625 mln shares |
|
Cash dividend |
SAR 4,063 mln |
|
Percent capital |
25% (SAR 2.5 per share) |
|
Record date |
March 25, 2018 |
|
Payment date |
April 3, 2018 |
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Dividend for FY17 |
|
|
Total cash dividend |
SAR 6,501 mln |
|
Percent of capital |
40% (SAR 4/share) |
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