Riyad Bank announces that the Board of Directors has recommended on 04/01/2017G corresponding to 06/04/1438H to the General Shareholders Meeting of the Bank to be held in the first quarter of 2017, the distribution of cash dividends for the second half of the year ending 31 December 2016 as follows:
1.Total distribution amount : SAR 900 Million.
2.Distribution per share: SAR 0.30 after deduction of Zakat.
3.Distribution ratio of the nominal value per share 3%
4.Number of shares eligible for dividends : 3,000,000,000 shares.
5.The entitlement of the dividends for the second half of the year 2016 shall be for the shareholders registered in Tadawul Securities Depository at the end of trading day of the General Assembly Meeting to be held in the first quarter of 2017 which will be announced at a later date
6.Date of the distribution will be announced at a later date
The Bank has distributed a net cash dividends of SAR 1050 Million for the first half of the fiscal year 2016 to the shareholders registered in the Banks share registry as of 20/07/2016 at the rate of SAR 0.35 per share which represents 3.5% of the share nominal value. Consequently, the total net distributed dividends for the year ending 31/12/2016 amount to SAR 1950 Million at the rate of SAR 0.65 per share which represents 6.5% of the share nominal value.
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