Riyadh-Mubaser: Riyad Bank’s shareholders gave the go-ahead on 5 April to a board proposal of cash dividends for the second half of 2015, according to a bourse statement.
The approved dividends stand at 3.5% of the bank’s capital or SAR 0.35 per share.
The bank made the same payout for the first half of 2015.
As a result, the total dividend payout for 2015 will stand at 7% of the bank’s capital or SAR 0.70 per share, amounting to SAR 2.1 billion.
The dividends will be distributed on 18 April.
The shareholders also agreed to give an amount of SAR 3.6 million as remunerations to the board members for 2015.
