Riyadh – Mubasher: The board of Riyad Bank decided to distribute cash dividends at 3.5% of the nominal value, or SAR 0.35 per share, for the first half of 2017.
Dividends total SAR 1.05 billion, according to a bourse filing on Wednesday.
Shareholders of record at the end of trades on 2 July and who are registered in the bank’s records at the end of the day following the eligibility date will be entitled to receive the cash dividends, which will be distributed as of 16 July.
The bank had reported a decline in net profits for the first quarter of 2017 by 10.82% year-on-year.
Profits totalled SAR 1.047 billion in Q1-17 compared to SAR 1.174 billion in the same period last year.
