Riyad Bank board proposes 9% dividend for H2 2024

03/02/2025 Argaam Exclusive

Riyad Bank’s board of directors recommended, on Feb. 3, a 9% cash dividend, or SAR 0.90 per share after Zakat, for the second half of 2024, according to a statement to Tadawul.

Dividend Details (H2 2024)

Current Capital

SAR 30 bln

Number of Shares

3 bln

Dividend*

SAR 2.69 bln

Percentage of Capital**

9% (SAR 0.90 per share after Zakat)

Record Date

Shareholders of record by the close of  trading on the general meeting date which will be determined later, and those registered with Edaa at the end of the second trading day following the general meeting date

Distribution date

To be announced later

* Number of eligible shares is 2.99 billion

 

Dividend Details (2024)

Dividend

SAR 5.09 bln

Percentage of Capital

17% (SAR 1.7 per share after Zakat)

In a statement to Tadawul, the bank said it obtained the approval of the Saudi Central Bank (SAMA) to pay dividends for H2 2024.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
03/02/2025 13/04/2025 24/04/2025 2,695.52 0.90
06/08/2024 11/08/2024 22/08/2024 2,396.00 0.80
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
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 4.25 26.80 15.84 %
Last 5 Financial years 5.79 23.90 24.21 %
Last 10 Financial years 9.71 16.99 57.12 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Riyad Bank
25.68
(0.14) (0.54 %)

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Valuation Data (Latest Share Price)

P/E (TTM) 7.68
P/E Before Unusual Items (TTM) 7.68
P/BV 1.25
Dividend Yield 5.93 %
Market Cap. (M) 77,040.00
Return on Average Assets 2.13 %
Return on Average Equity 16.91 %

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