Al Rajhi Bank shareholders approve 15% cash dividend for H2 2019

30/03/2020 Argaam Exclusive

Al Rajhi Bank’s shareholders approved the board’s recommendation to distribute a 15% cash dividend, or SAR 1.5 per share, for the second half of 2019, during the ordinary general meeting (OGM) held on March 29.

 

Shareholders also authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2020 and approve maturity and payment date based on the regulatory procedures issued under the Companies Law.

Dividend Details (H2 2019)

Current Capital

SAR 25 bln

Number of shares

2.5 bln

Dividend

SAR 3.75 bln

Percentage of capital

15% (SAR 1.5 per share)

Record date

March 29, 2020

Payment date

April 6, 2020

Dividend Details (FY 2019)

Dividend

SAR 7.5 bln

Percentage of capital

30% (SAR 3 per share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
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
12/07/2017 18/07/2017 27/07/2017 2,438.00 0.61
19/01/2017 19/03/2017 26/03/2017 2,438.00 0.61
20/07/2016 24/07/2016 31/07/2016 1,219.00 0.30
21/01/2016 28/03/2016 04/04/2016 1,625.00 0.41
08/07/2015 14/07/2015 29/07/2015 812.50 0.20
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 5.23 25.55 20.45 %
Last 5 Financial years 6.75 21.03 32.10 %
Last 10 Financial years 11.96 26.73 44.75 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

93.90
0.40 0.43 %

Valuation Data (Latest Share Price)

P/E (TTM) 20.44
P/E Before Unusual Items (TTM) 20.44
P/BV 3.96
Dividend Yield 2.66 %
Market Cap. (M) 375,600.00
Return on Average Assets 2.16 %
Return on Average Equity 20.34 %

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