Al Rajhi Bank Approves Board of Directors’ Recommendation to Distribute SAR 4.6 Billion in Cash Dividends for H2 2023

Al Rajhi Bank announced the outcomes of its 15th Extraordinary General Assembly Meeting held via modern technology on Monday. The voting results are as follows:

The Board of Directors’ recommendation to distribute cash dividends of SAR 4.6 billion to shareholders for the second half of the fiscal year ending December 31, 2023, has been approved. This amounts to SAR 1.15 per share, representing 11.5% of the face value of each share. Consequently, the total distributed dividends for the fiscal year ending December 31, 2023, amount to SAR 9.2 billion, or SAR 2.30 per share, representing 23% of the face value of each share.

Shareholders eligible for dividends are those who own shares at the conclusion of the trading day of the General Assembly meeting and are registered in the Shareholders Register at Securities Depository Center (Edaa) by the end of the second trading day following the due date. Dividend distribution will commence on 03/04/2024.