Riyad Bank shareholders approve 5.4% cash dividend for H2 2021

13/04/2022 Argaam Exclusive

Riyad Bank’s shareholders approved, on April 12, the board of directors’ recommendation to pay a cash dividend at 5.4% of capital, or SAR 0.54 per share, for H2 2021, during the extraordinary general meeting (EGM) held 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
Payment Date	April 25, 2022

*After Zakat

Total Dividend for 2021
Total Dividend	SAR 3.12 bln
Percentage of Capital	10.4% (SAR 1.04 per share)

Shareholders also ratified authorizing the board of directors to distribute interim dividends for 2022 on a semi-annual or quarterly basis, the statement added.

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	H2 - 2021
21/06/2021	24/06/2021	05/07/2021	1,500.00	0.50	H1 - 2021
28/02/2021	23/03/2021	06/04/2021	1,500.00	0.50	FY 2020
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

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	2.69	23.90	11.26 %
Last 5 Financial years	4.53	12.52	36.18 %
Last 10 Financial years	8.07	11.48	70.25 %

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

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	8.88
P/E Before Unusual Items (TTM)	8.88
P/BV	1.42
Dividend Yield	4.91 %
Market Cap. (M)	80,100.00
Return on Average Assets	2.23 %
Return on Average Equity	16.79 %

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