Riyad Bank Board of Directors recommends distribution of cash dividends to Shareholders for the second half of 2018
| Element List | Explanation |
|---|---|
| Board Resolution Date | 2018-12-13 Corresponding to 1440-04-06 |
| Total Amount of Dividend Distributed | SAR 1,200 Million |
| Number of eligible shares | 3,000,000,000 shares |
| Dividend per share | SAR 0.40 after deduction of Zakat |
| Percentage of Dividend to the share book value | 4.0 % |
| Eligibility date | The entitlement of the dividends shall be for the shareholders registered in the Banks share registry at the Depository Center (SDC) at the end of the second trading day following the General Assembly Meeting day that will be announced later. |
| Dividend distribution date | will be announced at a later date |
| Additional Information | The Bank has distributed a net cash dividends of SAR 1,110 Million for the first half of the fiscal year 2018 to the shareholders registered in the Banks share registry as of 08/07/2018 at the rate of SAR 0.37 per share which represents 3.7% of the share nominal value. Consequently, the total net distributed dividends for the year ending 31/12/2018 amount to SAR 2,310 Million at the rate of SAR 0.77 per share which represents 7.7% of the share nominal value.
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. |
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