Al Rajhi Bank shareholders nod to 11.5% dividend for H2 2023

25/03/2024 Argaam Exclusive

Al Rajhi Bank shareholders approved the board’s recommendation to pay a cash dividend at 11.5%, or SAR 1.15 a share after deducting Zakat, for H2 2023, during the extraordinary general meeting (EGM) held on March 24, according to a statement to Tadawul.

 

H2 2023 Dividend Details

Current Capital

SAR 40 bln

Number of Shares

4 bln

Total Dividend

SAR 4.6 bln

Percentage of Capital

11.5% (SAR 1.15 a share after deducting Zakat)

Record Date

March 24, 2024, for shareholders of record and those registered with Edaa on the second trading day after the record date

Date of Payment

April 3, 2024 

 

2023 Dividend

Total Dividend

SAR 9.2 bln

Percentage of Capital

23% (SAR 2.35 a share after deducting Zakat)

 

Shareholders also authorized the board to pay an interim dividend for 2024 on a semiannual or a quarterly basis, the statement added.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
25/02/2024 24/03/2024 03/04/2024 4,600.00 1.15
24/07/2023 31/07/2023 14/08/2023 4,600.00 1.15
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
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

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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