Al Rajhi Bank shareholders approve 12.5% cash dividend for 2022

22/03/2023 Argaam Exclusive

Al Rajhi Bank shareholders approved the board’s recommendation to pay a cash dividend at  12.5% of capital, or SAR 1.25 per share after Zakat, for 2022, according to a statement to Tadawul.

 

Dividend Details (2022)

Current capital

SAR 40 bln

Number of shares

4 bln

Dividend

SAR 5 bln

Percentage of capital

12.5% (SAR 1.25 per share after Zakat)

Record date

March 21, 2023

Payment date

April 2, 2023

 

Shareholders also authorized the board of directors to distribute interim dividends on a quarterly or semi-annual basis for 2023.

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

89.70
0.80 0.90 %
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Valuation Data (Latest Share Price)

P/E (TTM) 20.54
P/E Before Unusual Items (TTM) 20.54
P/BV 3.81
Dividend Yield 2.66 %
Market Cap. (M) 358,000.00
Return on Average Assets 2.11 %
Return on Average Equity 19.30 %

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