AI Summary
Shareholders of Riyad Bank approved the board’s recommendation to increase the bank’s capital by 33.33% through a bonus share issue, during an extraordinary general meeting (EGM) held on April 5.
The proposed increase will be carried out by capitalizing SAR 10 billion from the statutory reserve and retained earnings in equal proportions through a 1-for-3 bonus share issue, raising the bank’s capital to SAR 40 billion.
|
Capital Increase Details |
|
|
Current Capital |
SAR 30 bln |
|
No. of Shares |
3 bln |
|
Proposed Increase |
33.33% |
|
No. of Bonus Shares |
1-for-3 |
|
Method |
Capitalizing SAR 10 bln equally from statutory reserve and retained earnings |
|
New Capital |
SAR 40 bln |
|
New No. of Shares |
4 bln |
|
Record Date |
April 5, shareholders registered with Edaa by the end of second trading day following the record date |
|
Reason |
Enhance solvency and maintain resources in operational activities, leading to achieving strategic goals |
In a statement to Tadawul, the bank said any fractional shares will be combined into a single portfolio for all shareholders and sold at market price.
The proceeds will then be distributed to eligible shareholders, each according to their respective ownership, within a period not exceeding 30 days from the date of determining the new shares eligible for each shareholder.
Shareholders also approved a board’s recommendation to distribute a cash dividend at 5.5% of capital, or SAR 0.55 per share after Zakat, for the second half of 2025.
|
Dividend Details (H2 2025) |
|
|
Current Capital |
SAR 30 bln |
|
Number of Shares |
3 bln |
|
Dividend* |
SAR 1.64 bln |
|
Percentage of Capital |
5.5% (SAR 0.55 per share after Zakat) |
|
Record Date |
April 5, shareholders registered with Edaa by the end of second trading day following the general meeting date |
|
Payment Date |
April 16 |
*Number of eligible shares is 2.98 billion
|
Dividend Details (2025) |
|
|
Dividend |
SAR 4.18 bln |
|
Percentage of Capital |
14% (SAR 1.4 per share after Zakat) |
Additionally, the EGM authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2026.
Separately, Tadawul announced that the fluctuation limits today, April 6, for Riyad Bank will be based on a share price of SAR 21.83 and the outstanding orders will be canceled.
The Securities Depository Center (Edaa) will deposit the bonus shares into the investor’s portfolios by April 8.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 02/02/2026 | 05/04/2026 | 16/04/2026 | 1,643.14 | 0.41 | |
| 21/07/2025 | 04/08/2025 | 17/08/2025 | 2,542.82 | 0.64 | |
| 03/02/2025 | 13/04/2025 | 24/04/2025 | 2,695.52 | 0.67 | |
| 06/08/2024 | 11/08/2024 | 22/08/2024 | 2,396.00 | 0.60 | |
| 13/02/2024 | 24/03/2024 | 02/04/2024 | 2,246.25 | 0.56 | |
| 19/07/2023 | 27/07/2023 | 07/08/2023 | 1,947.81 | 0.49 | |
| 19/12/2022 | 26/03/2023 | 03/04/2023 | 1,950.00 | 0.49 | |
| 18/07/2022 | 28/07/2022 | 11/08/2022 | 1,500.00 | 0.38 | |
| 16/12/2021 | 12/04/2022 | 25/04/2022 | 1,620.00 | 0.41 | |
| 21/06/2021 | 24/06/2021 | 05/07/2021 | 1,500.00 | 0.38 |
| 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 | 3.37 | 23.78 | 14.16 % |
| Last 5 Financial years | 5.01 | 15.24 | 32.87 % |
| Last 10 Financial years | 7.80 | 9.46 | 82.46 % |
| P/E (TTM) | 8.24 |
| P/E Before Unusual Items (TTM) | 8.24 |
| P/BV | 1.34 |
| Dividend Yield | 5.14 % |
| Market Cap. (M) | 85,760.00 |
| Return on Average Assets | 2.14 % |
| Return on Average Equity | 16.91 % |
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