AI Summary
Riyad Bank shareholders approved the board's proposal for a 9% cash dividend (SAR 0.90 per share), for the second half of 2024.
The approval came during the extraordinary general meeting (EGM) held on April 13, according to a Tadawul statement.
|
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 |
April 13, 2025 (Shareholders registered with Edaa by the close of the second trading day following the EGM date) |
|
Payment date |
April 24, 2025 |
|
Total Dividend for 2024 |
|
|
Total dividend |
SAR 5.09 bln |
|
Percentage of capital |
17% (SAR 1.7 per share after Zakat) |
*The number of eligible shares is 2.99 bln.
Meanwhile, shareholders approved authorizing the board to distribute interim dividends on a semiannual or a quarterly basis for 2025.
Further, the general assembly approved all the meeting’s agenda items, which included the repurchase of 7.5 million shares and retaining them as treasury shares to be allocated for the employee stock incentive program (ESOP) in accordance with the relevant regulations.
The buyback will be financed from the bank's resources, as the board of directors will be authorized to complete the repurchase within a maximum period of 18 months from the EGM approval date.
The repurchased shares will be retained for a period not exceeding seven years from the general assembly’s approval.
| 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 |
| 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 % |
| P/E (TTM) | 9.34 |
| P/E Before Unusual Items (TTM) | 9.34 |
| P/BV | 1.49 |
| Dividend Yield | 5.93 % |
| Market Cap. (M) | 90,900.00 |
| Return on Average Assets | 2.24 % |
| Return on Average Equity | 16.98 % |
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