Al Rajhi Bank recommends 12.5% cash dividend for 2022
Al Rajhi Bank’s board of directors proposed, on Jan. 12, a 12.5% cash dividend, or SAR 1.25 per share after deducting Zakat, for 2022.
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Dividend Details (2022) |
|
|
Current Capital |
SAR 40 bln |
|
Number of Shares |
4 bln |
|
Total Dividend |
SAR 5 bln |
|
Percentage of Capital |
12.5% (SAR 1.25 per share after deducting Zakat) |
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Record Date |
Shareholders by the close of trading on the general assembly meeting date, which will be announced later, and those registered with the Securities Depository Center Co. (Edaa) by the close of the second trading session following the record date |
|
Payment Date |
To be determined later |
In May 2022, Al Rajhi Bank’s shareholders approved a capital increase to SAR 40 billion from SAR 25 billion through a 60% bonus issue (three shares for every five shares) during the extraordinary general assembly meeting.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 15/01/2023 | 21/03/2023 | 02/04/2023 | 5,000.00 | 1.25 | |
| 30/06/2021 | 06/07/2021 | 14/07/2021 | 3,500.00 | 0.88 | |
| 01/03/2021 | 29/03/2021 | 06/04/2021 | 2,500.00 | 0.63 | |
| 03/02/2020 | 29/03/2020 | 06/04/2020 | 3,750.00 | 0.94 | |
| 21/07/2019 | 24/07/2019 | 01/08/2019 | 3,750.00 | 0.94 | |
| 06/01/2019 | 03/04/2019 | 11/04/2019 | 3,656.25 | 0.91 | |
| 15/07/2018 | 18/07/2018 | 26/07/2018 | 3,250.00 | 0.81 | |
| 18/02/2018 | 25/03/2018 | 03/04/2018 | 4,063.00 | 1.02 | |
| 12/07/2017 | 18/07/2017 | 27/07/2017 | 2,438.00 | 0.61 | |
| 19/01/2017 | 19/03/2017 | 26/03/2017 | 2,438.00 | 0.61 |
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 | 4.43 | 45.44 | 9.74 % |
| Last 5 Financial years | 6.93 | 35.20 | 19.67 % |
| Last 10 Financial years | 12.51 | 27.39 | 45.68 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 16.31 |
| P/E Before Unusual Items (TTM) | 16.31 |
| P/BV | 3.59 |
| Dividend Yield | 2.86 % |
| Market Cap. (M) | 390,400.40 |
| Return on Average Assets | 2.44 % |
| Return on Average Equity | 23.50 % |
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