Al Rajhi Bank recommends 12.5% cash dividend for 2022

15/01/2023 Argaam Exclusive

Al Rajhi Bank’s board of directors proposed, on Jan. 12, a 12.5% cash dividend, or SAR 1.25 per share after deducting Zakat, for 2022. 

Dividend Details (2022)

Current Capital

SAR 40 bln

Number of Shares

4 bln

Total Dividend

SAR 5 bln

Percentage of Capital

12.5% (SAR 1.25 per share after deducting Zakat)

Record Date

Shareholders by the close of trading on the general assembly meeting date, which will be announced later, and those registered with the Securities Depository Center Co. (Edaa)  by the close of the second trading session following the record date

Payment Date

To be determined later

 

In May 2022, Al Rajhi Bank’s shareholders approved a capital increase to SAR 40 billion from SAR 25 billion through a 60% bonus issue (three shares for every five shares) during the extraordinary general assembly meeting.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
15/01/2023 21/03/2023 02/04/2023 5,000.00 1.25
30/06/2021 06/07/2021 14/07/2021 3,500.00 0.88
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
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 4.43 45.44 9.74 %
Last 5 Financial years 6.93 35.20 19.67 %
Last 10 Financial years 12.51 27.39 45.68 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Al Rajhi Bank
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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