Riyad Bank BOD approves distributing SR1.5 bln profits for 1H

Riyad Bank announces the Board of Directors’ resolution to distribute cash dividends worth SR 1.5 billion to shareholders for the First Half of 2022, with the percentage of dividend to the share par value is 5.0%.

The bank added that the number of shares entitled to dividends is 3 billion shares at 0.50 riyals after deducting zakat for each share.

Additional Information:

We would like 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

Shareholders who have not received their dividends for previous periods , a name search tool has been added in the Banks website under the link:

https://www.riyadbank.com/ar/about-us/investor-relations/unclaimed-dividends