AI Summary
Al Rajhi Bank scheduled an extraordinary general meeting (EGM) on April 20 for shareholders to vote on a dividend proposal for H2 2025.
The board earlier recommended cash dividends at 17.5% of capital, or SAR 1.75 per share, for the period, the cement producer said in a statement to Tadawul.
|
Cash Dividend (H2 2025) |
|
|
Capital |
SAR 40 bln |
|
Number of Shares |
4 bln |
|
Total Dividend |
SAR 7 bln |
|
Percentage of Capital |
17.5% (SAR 1.75 per share) |
|
Record Date |
April 20, 2026, including shareholders registered at the Securities Depository Center (Edaa) by the end of the second trading day following the general assembly |
|
Payment Date |
April 30, 2026 |
|
Cash Dividend (2025) |
|
|
Total Dividend |
SAR 10 mln |
|
Percentage of Capital |
25% (SAR 2.5 per share) |
Shareholders will also vote on the board’s recommendation to increase the bank’s capital by issuing 50% bonus shares, granting one share for every two shares owned, by capitalizing SAR 20 billion of retained earnings, raising the capital to SAR 60 billion.
|
Capital Increase Details |
|
|
Current Capital |
SAR 40 bln |
|
Number of Shares |
4 mln |
|
Percentage of Increase |
50% |
|
Method |
Capitalizing SAR 20 billion from retained earnings through the issuance of one share for every two shares held. |
|
New Capital |
SAR 60 bln |
|
New Number of Shares |
6 mln |
|
Record Date |
April 20 to shareholders registered with Edaa by the end of the second trading day following the EGM date |
|
Reason |
Enhancing the bank’s financial position to support the achievement of its strategic objectives. |
Fractional shares, if any, will be compiled into one portfolio for shareholders and will be sold at market price. The proceeds will then be distributed to eligible shareholders pro rata, within a period not exceeding 30 days from the date of determining the new shares eligible for each shareholder.
Shareholders will also vote on Article 6 of the bank’s bylaws, related to the company’s objectives, as well as on amending Article 7 concerning share subscriptions.
They will further vote on authorizing the board of directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ending Dec. 31, 2026.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 27/01/2026 | 20/04/2026 | 30/04/2026 | 7,000.00 | 1.75 | |
| 15/09/2025 | 22/09/2025 | 02/10/2025 | 3,000.00 | 0.75 | |
| 29/01/2025 | 13/04/2025 | 24/04/2025 | 5,840.00 | 1.46 | |
| 05/08/2024 | 12/08/2024 | 26/08/2024 | 5,000.00 | 1.25 | |
| 25/02/2024 | 24/03/2024 | 03/04/2024 | 4,600.00 | 1.15 | |
| 24/07/2023 | 31/07/2023 | 14/08/2023 | 4,600.00 | 1.15 | |
| 15/01/2023 | 21/03/2023 | 02/04/2023 | 5,000.00 | 1.25 | |
| 30/06/2021 | 06/07/2021 | 14/07/2021 | 3,500.00 | 0.88 | |
| 01/03/2021 | 29/03/2021 | 06/04/2021 | 2,500.00 | 0.63 | |
| 03/02/2020 | 29/03/2020 | 06/04/2020 | 3,750.00 | 0.94 |
| 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 | 7.51 | 75.50 | 9.95 % |
| Last 5 Financial years | 9.64 | 45.44 | 21.20 % |
| Last 10 Financial years | 16.40 | 21.62 | 75.87 % |
| P/E (TTM) | 16.78 |
| P/E Before Unusual Items (TTM) | 16.78 |
| P/BV | 3.62 |
| Dividend Yield | 2.56 % |
| Market Cap. (M) | 416,000.40 |
| Return on Average Assets | 2.46 % |
| Return on Average Equity | 23.13 % |
Be the first to comment
Comments Analysis: