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Riyad Bank announces the distribution of cash dividend for 2020

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Introduction Riyad Bank announces the Board of Directors' recommendation to distribute cash dividends to shareholders for the year 2020
Date of the board’s decision 2021-02-27 Corresponding to 1442-07-15
The Total amount distributed SAR1,500,000,000
Number of Shares Eligible for Dividends 3,000,000,000
Dividend per share 0.50 SAR after deduction of Zakat
Percentage of Dividend to the Share Par Value (%) 5.0 %
Eligibility date The eligibility of the dividends for the shareholders of the Bank is for shareholders who own shares at the end of the day in which the Bank’s General Assembly is convened and who are registered in the Bank’s records at the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the General Assembly which will be announced at a later date.
Distribution Date Will be announced at a later date
Additional Information 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 withholding tax of 5%, in accordance with the provisions of article (68) of the income tax law and article (63) of its implementing regulation.

Shareholders who have not received their dividends for previous periods , a name search tool has been added in the Banks website under the link:

https://www.riyadbank.com/ar/about-us/investor-relations/unclaimed-dividends

The Capital Market Authority and the Saudi Stock 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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