Riyad Bank board nods to 8% dividend for H1 2024

06/08/2024 Argaam Exclusive

Riyad Bank’s board of directors declared on Aug. 5, an 8% cash dividend, or SAR 0.80 per share after deduction of Zakat, for the first half of 2024, according to a statement to Tadawul.

 

Dividend Details (H1 2024)

Current capital

SAR 30 bln

Number of shares

3 bln

Dividend*

SAR 2.39 bln

Percentage of capital**

8% (SAR 0.80 after deduction of Zakat)

Record date

Aug. 11, 2024

Payment date

Aug. 22, 2024

*2.99 billion shares eligible for dividends

 

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

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
06/08/2024 11/08/2024 22/08/2024 2,396.00 0.80
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
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

28.00
(0.20) (0.71 %)

Valuation Data (Latest Share Price)

P/E (TTM) 9.31
P/E Before Unusual Items (TTM) 9.31
P/BV 1.48
Dividend Yield 4.91 %
Market Cap. (M) 84,000.00
Return on Average Assets 2.23 %
Return on Average Equity 16.79 %

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