Thursday 05, January 2017 by Isla MacFarlane

Riyad Bank recommends dividend distribution of SAR 900 million for H2 2016

Riyad Bank’s Board of Directors has recommended a total distribution amount of SAR 900 million for the second half of 2016, which equals SAR 0.30 per share after Zakat has been deducted.

The bank distributed a total of SAR 1050 million in cash dividends for the first half of the fiscal year in 2016, at a rate of SAR 0.35 per share which represents 3.5 per cent of a share’s nominal value.

The total net distributed dividends for the year 2016 amounts to SAR 1950 million at the rate of SAR 0.65 per share, which represents 6.5 per cent of a share’s nominal value.

Features & Analyses