Riyad Bank shareholders to vote on 5.4% dividend for H2 2021 on April 12

20/03/2022 Argaam Exclusive

Riyad Bank shareholders are set to vote on the board's recommendation to distribute 5.4% cash dividend (SAR 0.54 per share) for the second half of 2021, during the extraordinary general meeting (EGM), slated on April 12, according to a bourse filing.

 

Dividend Details (H2 2021)

Current Capital

SAR 30 bln

Number of Shares

3 bln

Dividend

SAR 1.62 bln

Percentage of Capital*

5.4% (SAR 0.54 per share)

Record Date

April 12, 2022 (Shareholders registered with the Securities Depository Center at the end of the second trading day following the due date).

Payment Date

April 25, 2022

 

Total Dividend for 2021

Total Dividend

SAR 3.12 bln

Percentage of Capital

10.4% (SAR 1.04 per share)

*After Zakat

 

Shareholders will also vote on authorizing the board of directors to distribute interim dividends to shareholders for 2022 on a semi-annual or quarterly basis.

 

The e-voting on the agenda items will start on April 9 via Tadawualty services.

 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
16/12/2021 12/04/2022 25/04/2022 1,620.00 0.54
21/06/2021 24/06/2021 05/07/2021 1,500.00 0.50
28/02/2021 23/03/2021 06/04/2021 1,500.00 0.50
30/12/2019 25/03/2020 08/04/2020 1,650.00 0.55
07/07/2019 11/07/2019 24/07/2019 1,560.00 0.52
13/12/2018 19/03/2019 02/04/2019 1,200.00 0.40
04/07/2018 08/07/2018 23/07/2018 1,110.00 0.37
28/12/2017 26/03/2018 09/04/2018 1,140.00 0.38
21/06/2017 02/07/2017 16/07/2017 1,050.00 0.35
04/01/2017 27/03/2017 10/04/2017 900.00 0.30
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 2.61 19.76 13.21 %
Last 5 Financial years 4.11 11.59 35.46 %
Last 10 Financial years 7.57 11.68 64.77 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

26.25
0.20 0.77 %

Valuation Data (Latest Share Price)

P/E (TTM) 8.73
P/E Before Unusual Items (TTM) 8.73
P/BV 1.39
Dividend Yield 4.91 %
Market Cap. (M) 78,750.00
Return on Average Assets 2.23 %
Return on Average Equity 16.79 %

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