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Al Rajhi Bank OGM approves SAR 1/shr dividends

Al Rajhi Bank OGM approves SAR 1/shr dividends
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Riyadh – Mubasher: Shareholders of Al Rajhi Bank have approved the Board of Directors’ recommendation to distribute SAR 2.5 billion in cash dividends for 2020, during the bank’s ordinary general meeting (OGM).

Dividends will be distributed at SAR 1 per share, representing 10% of the share’s par value, according to the bank's disclosure to the Saudi Stock Exchange (Tadawul).

The bank has achieved net profits of SAR 10.6 billion last year, registering a growth of 4.3% compared with 2019.