Al Rajhi Bank shareholders approve 10% dividend for 2020

30/03/2021 Argaam Exclusive

Al Rajhi Bank’s shareholders approved, on March 29, 2021, the board of directors’ recommendation to distribute 10% cash dividend (at SAR 1 per share) for 2020, the bank said in a bourse statement. 

Dividend Details (2020) 

Current Capital 

SAR 25 bln 

Number of shares 

2.5 bln  

Dividend 

SAR 2.5 bln 

Percentage of capital 

10% (SAR 1 per share) 

Record date  

March 29, 2021 (For shareholders registered at Edaa on the second day following this date)

Payment date  

April 6, 2021 

 

Shareholders also authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2021.

 

They also approved the formation of the Shariah board for the upcoming three years, starting from the date of the ordinary general assembly.

 

The members of the Shariah board include Suleiman bin Abdullah Al-Majid, Abdulaziz bin Hamin Al Hamin, Saleh bin Abdullah Al Lahidan, and Abdullah bin Nasser Al Salami.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
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
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
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 4.23 26.43 15.99 %
Last 5 Financial years 6.77 21.62 31.30 %
Last 10 Financial years 11.46 31.52 36.37 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

84.30
(0.30) (0.35 %)
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Valuation Data (Latest Share Price)

P/E (TTM) 19.98
P/E Before Unusual Items (TTM) 19.98
P/BV 3.77
Dividend Yield 2.66 %
Market Cap. (M) 337,200.00
Return on Average Assets 2.09 %
Return on Average Equity 19.60 %

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