Al Rajhi Bank to distribute 12.5% cash dividend for H1 2024

05/08/2024 Argaam Exclusive

Al Rajhi Bank’s board of directors decided, on Aug. 4, a 12.5% cash dividend, or SAR 1.25 per share after Zakat, for the first half of 2024.

 

Dividend Details (H1 2024)

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

Aug. 12, 2024

Payment Date

Aug. 26, 2024

 

The bank obtained the approval of the Saudi Central Bank (SAMA) to pay cash dividends for H1 2024, it said in a statement to Tadawul.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
05/08/2024 12/08/2024 26/08/2024 5,000.00 1.25
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
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

93.50
0.50 0.54 %

Valuation Data (Latest Share Price)

P/E (TTM) 20.35
P/E Before Unusual Items (TTM) 20.35
P/BV 3.94
Dividend Yield 2.66 %
Market Cap. (M) 374,000.00
Return on Average Assets 2.16 %
Return on Average Equity 20.34 %

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