Riyad Bank shareholders to discuss dividend for H2 2018

Riyad Bank shareholders on March 19 will discuss paying cash dividend for H2 2018 at 4 percent of capital, or SAR 0.40 a share, totaling SAR 1.2 billion, the bank said in a bourse filing.

Shareholders of record on the second trading day after the general meeting are entitled to receive this dividend, payable as of Tuesday, April 2, 2019.

Shareholders will also approve dividend payout for H1 2018 at 3.7 percent of capital, or SAR 0.37 a share, totaling SAR 1.11 billion.

Additionally, shareholders will approve the board of directors’ report as well as financial statements for 2018, and will also discharge board members from liability associated with their activities in 2018, and select an external auditor for 2019.

Board bonuses at SAR 4.83 million will be also endorsed during the meeting.