Riyadh – Mubasher: Al Rajhi Bank’s board of directors recommended distributing SAR 2.5 billion in cash dividends to shareholders for 2020.

The proposed amount represents 10% of the share’s nominal value or SAR 1 per share, according to a stock exchange statement on Monday.

In 2020, the Saudi lender reported net profits of SAR 10.6 billion, up by 4.3% when compared to SAR 10.2 billion a year earlier.