Riyad Bank announces the recommendation of the Board of Directors on 17/10/1439H corresponding to 01/07/2018G, the distribution of cash dividends to the shareholders of the Bank for the first half of 2018 as follows:
1.Total distribution amount: SAR 1,110 Million.
2. Distribution per share: SAR 0.37
3. Distribution ratio of the nominal value per share 3.7%
4. Number of shares eligible for dividends: 3,000,000,000 shares.
5. The eligibility of dividends shall be for the shareholders owning shares on the due of Sunday 24/10/1439H as per Umm ALQura corresponding to 08/07/2018 and those shareholders registered in the Banks share registry at the Depository Center ( SDC ) at the end of the second trading day following the due date.
6. Dividend Pay Date: 10/11/1439H corresponding to 23/07/2018G
We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to (when transferred or credited to the bank account) withholding tax of 5%, in accordance with the provisions of article 68 of the income tax law and article 63 of its implementing regulation.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.