Riyad Bank shareholders approve 5.5% dividend for H2 2019

26/03/2020 Argaam Exclusive

Riyad Bank’s shareholders approved on March 25 the board’s proposal for distributing a 5.5% cash dividend, or SAR 0.55 per share, for H2 2019, the bank said in a statement to Tadawul.

Shareholders have also approved delegating the company’s board of directors to distribute dividend for the fiscal year 2020 on a semi-annual or a quarterly basis.

Dividend Details (H2 2019)
Current Capital	SAR 30 bln
Number of shares	3 bln
Dividend	SAR 1.65 bln
Percentage of capital	5.5% (SAR 0.55 per share)
Record date	March 25, 2020 (Including registered at the Security Depository Center (Edaa) by the end of the second trading day following this date)
Payment date	April 8, 2020
Dividend Details (FY 2019)
Dividend	SAR 3.21 bln
Percentage of capital	10.7% (SAR 1.07 per share)

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
30/12/2019	25/03/2020	08/04/2020	1,650.00	0.55	H2-2019
07/07/2019	11/07/2019	24/07/2019	1,560.00	0.52	H1-2019
13/12/2018	19/03/2019	02/04/2019	1,200.00	0.40	The General Assembly approved 4% cash dividend for H2-2018
04/07/2018	08/07/2018	23/07/2018	1,110.00	0.37	The General Assembly approved 3.7% cash dividend for H1-2018
28/12/2017	26/03/2018	09/04/2018	1,140.00	0.38	The General Assembly approved 3.8% cash dividend for H2-2017
21/06/2017	02/07/2017	16/07/2017	1,050.00	0.35	The General Assembly approved 3.5% cash dividend for H1-2017
04/01/2017	27/03/2017	10/04/2017	900.00	0.30	The General Assembly approved 3% cash dividend for H2-2016
18/07/2016	20/07/2016	02/08/2016	1,050.00	0.35	The General Assembly approved 3.5 % cash dividend for H1-2016
31/12/2015	05/04/2016	18/04/2016	1,050.00	0.35	The General Assembly approved 3.5 % cash dividend for H2, 2015
05/07/2015	06/07/2015	27/07/2015	1,050.00	0.35	The General Assembly approved 3.5 % cash dividend for H1, 2015

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	2.34	12.52	18.69 %
Last 5 Financial years	3.72	12.61	29.50 %
Last 10 Financial years	7.18	13.35	53.75 %

Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	8.85
P/E Before Unusual Items (TTM)	8.85
P/BV	1.41
Dividend Yield	4.91 %
Market Cap. (M)	79,800.00
Return on Average Assets	2.23 %
Return on Average Equity	16.79 %

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