Al Rajhi Bank board proposes 14.6% dividends for H2 2024

29/01/2025 Argaam Exclusive

Al Rajhi Bank’s board of directors recommended, on Jan. 28, the payment of cash dividends at 14.6%, or SAR 1.46 a share after Zakat, for the second half of 2024, according to a statement to Tadawul.

 

Dividends Details (H2 2024)

Current Capital

SAR 40 bln

Number of Shares

4 bln

Total Dividends

SAR 5.84 bln

Percentage of Capital

14.6%, (SAR 1.46 a share after Zakat)

Record Date

To shareholders of record and those registered with Edaa on the second trading day following the general meeting date)

Payment Date

To be determined later

 

Total Dividends (Full year)

Total Dividends

SAR 10.84 bln

Percentage of Capital

27.1% (SAR 2.71 a share)

 

The bank obtained the Saudi Central Bank’s (SAMA) approval on the board’s H2 2024 cash dividend proposal.  

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
29/01/2025 - - 5,840.00 1.46
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
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 6.26 89.51 6.99 %
Last 5 Financial years 7.76 40.69 19.07 %
Last 10 Financial years 14.51 21.03 69.00 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

99.00
(1.40) (1.39 %)

Valuation Data (Latest Share Price)

P/E (TTM) 20.08
P/E Before Unusual Items (TTM) 20.08
P/BV 3.95
Dividend Yield 2.86 %
Market Cap. (M) 396,000.00
Return on Average Assets 2.21 %
Return on Average Equity 20.71 %

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