Riyad Bank Approves SAR 2.6 Billion Cash Dividends for H2 2024

Riyad Bank announced the results of its Extraordinary General Assembly Meeting (First Meeting), where shareholders approved the Board of Directors’ recommendation to distribute cash dividends totaling SAR 2.6 billion for the second half of fiscal year 2024. This represents 9% of the share’s face value after zakat.

According to the bank’s statement on Tadawul, the dividend per share is SAR 0.90, and applies to 2.9 billion eligible shares.

Dividend eligibility is limited to shareholders holding shares at the end of trading on the day of the General Assembly and registered with the Securities Depository Center Company (Edaa) by the end of the second trading day following the due date. Dividend distribution will begin on Thursday, April 24, 2025.