Riyadh – Mubasher: The board members of Al Rajhi Bank recommended distributing 15% of capital as cash dividends for the first half of fiscal year 2017.

The Saudi company will pay SAR 1.5 per share as a dividend, with a total value of SAR 2.438 billion, according to a bourse statement issued on Wednesday.

Al Rajhi Bank noted that the eligibility of dividends will be for shareholders of record on 18 July 2017. 

At the stock level, Al Rajhi Bank closed Wednesday’s trading session 0.6% higher at 65.31.