Riyad Bank announces that the Board of Directors has recommended on 28-12-2017G corresponding to 10-04-1439H to the General Shareholders Meeting of the Bank to be held in the first quarter of 2018, the distribution of cash dividends for the second half of the year ending 31 December 2017 as follows:
1.Total distribution amount : SAR 1,140 Million.
2.Distribution per share: SAR 0.38 after deduction of Zakat.
3.Distribution ratio of the nominal value per share 3.8%
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 2017 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 2018 which will be announced at a later date and those shareholders registered in the Banks share registry at the Depository Center (SDC) at the end of the second trading day following the above mentioned General Assembly Meeting.
6.Date of the distribution will be announced at a later date
The Bank has distributed a net cash dividends of SAR 1,050 Million for the first half of the fiscal year 2017 to the shareholders registered in the Banks share registry as of 02/07/2017 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 31/12/2017 amount to SAR 2,190 Million at the rate of SAR 0.73 per share which represents 7.3% of the share nominal value.
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