Riyad Bank shareholders approve 7.5% cash dividend for H2 2023

25/03/2024 Argaam Exclusive

Riyad Bank shareholders approved on March 24 the board's proposal for a 7.5% cash dividend, or SAR 0.75 per share, for the second half of 2023.

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Dividend Details (H2 2023)

Current capital

SAR 30 bln

Number of shares

3 bln

Dividend*

SAR 2.24 bln

Percentage of capital**

7.5% (SAR 0.75 per share) (Remove the extra space)

Record date

March 24, 2024, for shareholders registered with Edaa by the close of the second trading day following the general assembly date

Payment date

April 2, 2024

 

Total Dividend for 2023

Total dividend

SAR 4.19 bln 

Percentage of capital

14% (SAR 1.4 per share)

*Number of eligible shares is 2.99 bln.

**After Zakat.

 

Meanwhile, shareholders approved authorizing the board to distribute interim dividends on a semiannual or a quarterly basis for 2024.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
13/02/2024 24/03/2024 02/04/2024 2,246.25 0.75
19/07/2023 27/07/2023 07/08/2023 1,947.81 0.65
19/12/2022 26/03/2023 03/04/2023 1,950.00 0.65
18/07/2022 28/07/2022 11/08/2022 1,500.00 0.50
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
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 3.59 20.32 17.66 %
Last 5 Financial years 5.16 19.76 26.10 %
Last 10 Financial years 8.74 14.85 58.84 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Riyad Bank
26.60
0.00 0.00 %

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Valuation Data (Latest Share Price)

P/E (TTM) 8.85
P/E Before Unusual Items (TTM) 8.85
P/BV 1.41
Dividend Yield 4.91 %
Market Cap. (M) 79,800.00
Return on Average Assets 2.23 %
Return on Average Equity 16.79 %

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