Al Rajhi Bank shareholders approve 10% dividend for 2020
Al Rajhi Bank’s shareholders approved, on March 29, 2021, the board of directors’ recommendation to distribute 10% cash dividend (at SAR 1 per share) for 2020, the bank said in a bourse statement.
|
Dividend Details (2020) |
|
|
Current Capital |
SAR 25 bln |
|
Number of shares |
2.5 bln |
|
Dividend |
SAR 2.5 bln |
|
Percentage of capital |
10% (SAR 1 per share) |
|
Record date |
March 29, 2021 (For shareholders registered at Edaa on the second day following this date) |
|
Payment date |
April 6, 2021 |
Shareholders also authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2021.
They also approved the formation of the Shariah board for the upcoming three years, starting from the date of the ordinary general assembly.
The members of the Shariah board include Suleiman bin Abdullah Al-Majid, Abdulaziz bin Hamin Al Hamin, Saleh bin Abdullah Al Lahidan, and Abdullah bin Nasser Al Salami.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 01/03/2021 | 29/03/2021 | 06/04/2021 | 2,500.00 | 0.42 | |
| 03/02/2020 | 29/03/2020 | 06/04/2020 | 3,750.00 | 0.63 | |
| 21/07/2019 | 24/07/2019 | 01/08/2019 | 3,750.00 | 0.63 | |
| 06/01/2019 | 03/04/2019 | 11/04/2019 | 3,656.25 | 0.61 | |
| 15/07/2018 | 18/07/2018 | 26/07/2018 | 3,250.00 | 0.54 | |
| 18/02/2018 | 25/03/2018 | 03/04/2018 | 4,063.00 | 0.68 | |
| 12/07/2017 | 18/07/2017 | 27/07/2017 | 2,438.00 | 0.41 | |
| 19/01/2017 | 19/03/2017 | 26/03/2017 | 2,438.00 | 0.41 | |
| 20/07/2016 | 24/07/2016 | 31/07/2016 | 1,219.00 | 0.20 | |
| 21/01/2016 | 28/03/2016 | 04/04/2016 | 1,625.00 | 0.27 |
Dividend History
| Consolidated cash dividend | Cash dividend per share (SAR) | * The stock price at the beginning of the period (SAR) | Return on the base price |
|---|---|---|---|
| Last 3 Financial years | 2.82 | 17.62 | 15.99 % |
| Last 5 Financial years | 4.51 | 14.41 | 31.30 % |
| Last 10 Financial years | 7.64 | 21.01 | 36.36 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 15.67 |
| P/E Before Unusual Items (TTM) | 15.67 |
| P/BV | 3.33 |
| Dividend Yield | 2.56 % |
| Market Cap. (M) | 401,700.40 |
| Return on Average Assets | 2.47 % |
| Return on Average Equity | 22.71 % |
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