Al Rajhi Bank announces the distribution of cash dividend for Second Half 2018
|Introduction||Al Rajhi Bank announces the BOD’s recommendation to distribute dividends to shareholders for the Second Half of 2018|
|Board Resolution Date||2019-01-03 Corresponding to 1440-04-27|
|Total Amount of Dividend Distributed||SAR 3,656.25 Millions|
|Number of eligible shares||1,625,000,000 shares|
|Dividend per share||SAR 2.25|
|Percentage of Dividend to the share book value||22.5 %|
|Eligibility date||The eligibility of the dividends shall be at the end of trading day of ARB’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|
|Dividend distribution date||Details of dividends distribution dates and process will be announced later|
|Additional Information||The Bank has distributed a net cash dividends of SAR 3,250 Million for the first half of the financial year 2018 to the shareholders registered in Depository Center at the end of the second trading day following the due date 05/11/1439H corresponding to 18/07/2018 for SAR 2.00 per share which represents 20.00% of the share nominal value. Consequently, total net distributed dividends for the financial year ending 31/12/2018 amounting SAR 6,906.25 Million for SAR 4.25 per share which represents 42.50% 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 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 or whose share certificates were not deposited in their investment portfolios, a name search tool has been added in the Banks website under the link:
Shareholders who may find their names in the lists are kindly requested to contact the Shareholders Assembly at ARB Tel No .: 0118282564 / 0118282562 / 0118282561
Fax: 011 279 8190
P.O. Box: 28 Riyadh 11411
for information verification and arrangement for payment of dividends.