AI Summary
Shareholders of Riyad Bank will vote on the board’s recommendation to increase the bank’s capital by 33.33% through a bonus share issue during an extraordinary general meeting scheduled for 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.
Shareholders will also vote on the 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.
|
Capital Increase Details |
|
|
Current Capital |
SAR 30 bln |
|
No. of Shares |
3 bln |
|
Proposed Increase |
33.33% |
|
No. of Bonus Shares |
1-for-3 bonus issue |
|
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 the bank's solvency and maintain its resources in operational activities, thus contributing to the achievement of its 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.
The bank's shareholders will also vote on the payment of a 5.5% dividend (SAR 0.55 per share) for H2 2025.
|
Dividend Details (H2 2025) |
|
|
Current Capital |
SAR 30 bln |
|
Number of Shares |
3000 mln |
|
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 15 |
*Number of eligible shares is 2.98 billion shares
|
Dividend Details (FY 2025) |
|
|
Dividend |
SAR 4.18 bln |
|
Percentage of Capital |
14% (SAR 1.4 per share after Zakat) |
Additionally, the EGM will also vote on authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year ending Dec. 31, 2026.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 02/02/2026 | 05/04/2026 | 16/04/2026 | 1,643.14 | 0.55 | |
| 21/07/2025 | 04/08/2025 | 17/08/2025 | 2,542.82 | 0.85 | |
| 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 |
| 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 | 4.49 | 31.70 | 14.17 % |
| Last 5 Financial years | 6.68 | 20.32 | 32.88 % |
| Last 10 Financial years | 10.40 | 12.61 | 82.48 % |
| P/E (TTM) | 8.14 |
| P/E Before Unusual Items (TTM) | 8.14 |
| P/BV | 1.32 |
| Dividend Yield | 5.14 % |
| Market Cap. (M) | 84,720.00 |
| Return on Average Assets | 2.14 % |
| Return on Average Equity | 16.91 % |
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