Riyad Bank approves cash dividend distribution for H2, 2024

Riyad Bank announced the Board of Directors’ recommendation to distribute cash dividends to shareholders for the second half of the fiscal year 2024 at 2.69 billion riyals, equivalent to 9% of the nominal value of the share.

According to the bank’s statement on “Tadawul”, the number of shares eligible for dividends is 2.99 billion shares at 0.90 riyals per share after deducting Zakat.

The eligibility date will be for shareholders who own shares at the end of trading on the day of the bank’s general assembly (which will be determined later) and who are registered in the bank’s shareholders’ register at the Depository Center at the end of the second trading day following the date of the assembly.