Riyad Bank BOD Distributes SAR1.6 Billion in Profits for Second Half

Riyad Bank announced on Thursday the Board of Directors’ recommendation to distribute cash dividends to shareholders for the second half of 2021.

The total amount distributed is SAR 1,620,000,000.The dividend per share is SAR 0.54 after deduction of Zakat and the percentage of dividend to the Share Par Value % is 5.4 %.

The company indicated on Tadawul on Thursday. The percentage of dividend to the share par value (%) is 5.4 % and the distribution date will be announced at a later date.

The eligibility of the dividends for the Bank’s shareholders who own shares at the end of the day in which the Bank’s General Assembly is convened and who are registered in the Bank’s records at the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the General Assembly which will be announced at a later date.

The company wants to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to withholding tax of 5%, in accordance with the provisions of article 68 of the income tax law and article 63 of its implementing.