Riyadh – Mubasher: Riyad Bank announced that its board of directors recommended the distribution of cash dividends for the second half of 2015 at SAR 0.35 per share, or SAR 1.05 billion (3.5% of stock par value).
The bank earlier paid cash dividends for the first half of 2015 at SAR 1.05 billion.
The proposed cash dividend will bring the bank’s total payout for 2015 at SAR 2.1 billion, or SAR 0.70 per share (7% of stock par value).
Shareholders of record on the ordinary general meeting date, scheduled in the first quarter of 2016, will be entitled to receive the dividends.
