Riyadh – Mubasher: The ordinary general meeting (OGM) of Riyad Bank has approved distributing cash dividends, equivalent to 5% of the capital, for 2020. 

The cash dividends stand at 50 halalas per share, aggregating at a total amount of SAR 1.5 billion, according to a bourse filing on Wednesday. 

The cash dividends payment is set to start on 6 April 2021. 

It is noteworthy to mention that in 2020, the bank registered a 15.8% annual drop in net profits at SAR 4.7 billion, compared with SAR 5.6 billion in 2019.