Rashed Abdulaziz Al-Rashed, Chairman of Riyad Bank, announced that the Banks Board of Directors has decided to distribute of dividends for the first half of 2012 of SAR 975 Million at 65 Halala per share, compared to SAR 825 million for last year, which represent 6.5% of the paid capital. The eligibility of the distribution of dividends will be for shareholders who are listed in the Bank's Shareholders Register by the end of trading day on Wednesday, 21/8/1433H corresponding to 11/7/2012G. The Bank will start payment of the said dividend as of Monday, 04/9/1433H corresponding to 23/7/2012G.
Al-Rashed, added that the distribution of the dividends for the first half reflects the banks commitment to maximizing the returns for the shareholders, and represents an extension to the dividend distributions made by the bank in previous years.
Finally, Al-Rashed pointed out that Riyad Bank dividend distributions, as usual, represent a good return to Riyad Bank shareholders.
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