Riyadh – Mubasher: Riyad Bank’s board of directors has recommended the distribution of SAR 1.65 billion in cash dividends to shareholders for the second half (H2) of 2019.
This means that out of three billion shares, dividends per share stand at SAR 0.55, after the deduction of Zakat, representing 5.5% of the share’s par value, according to the bank’s statement to the Saudi Stock Exchange (Tadawul) on Monday.
Proposed dividends are subject to the approval of the company’s general assembly.
Dates of the general meeting and the dividends distribution are yet to be announced.
It is worth noting that the bank distributed SAR 1.56 billion net cash dividends for H1-19, which means that total distributed dividends for 2019 will amount to SAR 3.21 billion, or SAR 1.07 per share.
