Riyadh - Mubasher: The board of Riyad Bank recommended the distribution of cash dividends for the second half of 2016 at SAR 0.3 per share or 3% of capital, with a total value of SAR 900 million, according to a bourse filing.
According to the bank’s statement to the Saudi Stock Exchange (Tadawul) on Wednesday, the entitlement of the dividends for H2-16 shall be for the shareholders registered in Tadawul securities depository at the end of trading day of the general assembly meeting to be held in Q1-17 which will be announced at a later date.
The date of the distribution will also be announced later, the statement indicated.
The banks’ capital total SAR 30 billion, distributed among 3 billion shares, with a nominal value per share of SAR 10.
