Riyad Bank board plans 7.5% dividend for H2 2023

13/02/2024 Argaam Exclusive

Riyad Bank’s board of directors recommended on Feb. 12 a 7.5% cash dividend, or SAR 0.75 per share, for the second half of 2023, according to a statement to Tadawul.  

 

Dividend Details (H2 2023)

Current capital

SAR 30 bln

Number of shares

3 bln

Dividend*

SAR 2.24 bln

Percentage of capital**

7.5% (SAR 0.75 per share)

Record date

Shareholders on the general meeting date – to be set later - and those registered with Edaa by the close of the second trading day following the meeting date (to be announced)

Payment date

Later

 

Dividend Details (2023)

Dividend

SAR 4.19 bln

Percentage of capital

14% (SAR 1.4 per share)

*Number of eligible shares 2.99 bln

**After Zakat

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
13/02/2024 24/03/2024 02/04/2024 2,246.25 0.75
19/07/2023 27/07/2023 07/08/2023 1,947.81 0.65
19/12/2022 26/03/2023 03/04/2023 1,950.00 0.65
18/07/2022 28/07/2022 11/08/2022 1,500.00 0.50
16/12/2021 12/04/2022 25/04/2022 1,620.00 0.54
21/06/2021 24/06/2021 05/07/2021 1,500.00 0.50
28/02/2021 23/03/2021 06/04/2021 1,500.00 0.50
30/12/2019 25/03/2020 08/04/2020 1,650.00 0.55
07/07/2019 11/07/2019 24/07/2019 1,560.00 0.52
13/12/2018 19/03/2019 02/04/2019 1,200.00 0.40
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 3.59 20.32 17.66 %
Last 5 Financial years 5.16 19.76 26.10 %
Last 10 Financial years 8.74 14.85 58.84 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

26.70
0.45 1.71 %
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Valuation Data (Latest Share Price)

P/E (TTM) 9.89
P/E Before Unusual Items (TTM) 9.89
P/BV 1.50
Dividend Yield 4.91 %
Market Cap. (M) 80,100.00
Return on Average Assets 2.06 %
Return on Average Equity 15.76 %

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