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Riyad Bank announces the board of director’s recommendation to distribute cash dividends for Second Half Of 2024
| Element List | Explanation |
|---|---|
| Introduction | Riyad Bank announces the Board of Director’s recommendation to distribute cash dividends for second half of the fiscal year 2024. |
| Date of the board’s recommendation | 2025-02-03 Corresponding to 1446-08-04 |
| The Total amount distributed | SAR 2,695,524,691 |
| Number of Shares Eligible for Dividends | 2,995,027,434 |
| Dividend per share | SAR 0.90 after deduction of Zakat |
| Percentage of Dividend to the Share Par Value (%) | 9 |
| Eligibility date | The eligibility date of the dividends shall be at the end of trading day of the Bank’s General Assembly meeting day (which will be announced at a later date) for the shareholders registered in Depository Center at the end of the second trading day following the General Assembly Meeting date. |
| Distribution Date | Will be announced at a later date. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | It should be noted that the Bank has obtained no-objection from the Saudi Central Bank to distribute cash dividends to shareholders for the Second half of the fiscal year 2024. |
| Additional Information | We would like to draw the attention of the non-resident investors (as defined in Article (3) of the Income Tax Law) that the cash dividend distributions transferred through the resident financial broker are subject to withholding tax at the rate of 5%, in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulation. Accordingly, the Bank urges the non-resident investors who have tax exemptions on dividends issued by the Zakat, Tax and Customs Authority, to contact the Bank within three calendar days from the eligibility date and provide the Bank with documents supporting the tax exemption. Shareholders who have not received their dividends for previous periods, a name search tool has been added in the Bank's website under the link: https://www.riyadbank.com/ar/about-us/investor-relations/unclaimed-dividends We kindly remind all shareholders to update their information and to link their bank account numbers to their investment portfolios to ensure the timely distribution of their cash dividends without any delay. In case of any issue in the deposit process, please visit any branch of Riyad Bank. Furthermore, we would like to remind shareholders holding (holders of certificates) who still keep their certificates need to deposit them in their portfolios. For inquiries, please contact the Shareholders Affairs during official working hours on telephone no. 0114013030 Ext: (6111) or by email: Sha@RiyadBank.com |
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.
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Last Price 29.75
Net Change 0.0 (0.0%)
Value Traded (Sar) 43,014,125.95
Volume Traded 1,444,143
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