Riyadh – Mubasher: The board of Al Rajhi Bank recommended on 12 January 2023 cash dividends after Zakat worth SAR 5 billion for 2022, according to a bourse disclosure.

The Saudi lender would pay out a dividend of SAR 1.25 per share, equivalent to 12.50% of the share nominal value, for 4 billion eligible shares.

Meanwhile, the eligibility and distribution dates for the dividends will be unveiled at a later time.

In the first nine months (9M) of 2022, Al Rajhi Bank witnessed an 18.74% year-on-year (YoY) growth in net profit to SAR 12.74 billion, versus SAR 10.73 billion.

Earnings per share (EPS) increased to SAR 3.16 in 9M-22 from SAR 2.68 in 9M-21, whereas the clients’ deposits jumped by 16.19% to SAR 555.76 billion from SAR 478.33 billion.