Al Rajhi Bank shareholders approve 12.5% cash dividend for 2022
Al Rajhi Bank shareholders approved the board’s recommendation to pay a cash dividend at 12.5% of capital, or SAR 1.25 per share after Zakat, for 2022, according to a statement to Tadawul.
|
Dividend Details (2022) |
|
|
Current capital |
SAR 40 bln |
|
Number of shares |
4 bln |
|
Dividend |
SAR 5 bln |
|
Percentage of capital |
12.5% (SAR 1.25 per share after Zakat) |
|
Record date |
March 21, 2023 |
|
Payment date |
April 2, 2023 |
Shareholders also authorized the board of directors to distribute interim dividends on a quarterly or semi-annual basis for 2023.
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 |
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any
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 % |
Based on the beginning of the period (January 1 of the base year)
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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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