Riyad Bank announces the board of director’s recommendation to distribute cash dividends for The Second Half of 2023
2/13/2024 8:48:29 AM

Element List Explanation
Introduction Riyad Bank announces the Board of Directors' recommendation to distribute cash dividends to shareholders for the second half of 2023
Date of the board’s recommendation 2024-02-12 Corresponding to 1445-08-02
The Total amount distributed SAR 2,246,250,000
Number of Shares Eligible for Dividends 2,995,000,000
Dividend per share SAR 0.75 after deduction of Zakat
Percentage of Dividend to the Share Par Value (%) 7.5 %
Eligibility date The eligibility date of the dividends shall be at the end of trading day of the Bank’s General Assembly meeting day (which will be announced at a later date) for the shareholders registered in Depository Center at the end of the second trading day following the General Assembly Meeting date.
Distribution Date Will be announced at a later date
The name of other official authorities and the details of their non-refusal to the recommendation or decision It should be noted that the Bank has obtained no-objection from the Saudi Central Bank to distribute cash dividends to ‎shareholders for the second half of ‎‏2023‏.
Additional Information We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to withholding tax of 5%, in accordance with the provisions of article 68 of the income tax law and article 63 of its implementing Regulations.
Shareholders who have not received their dividends for previous periods , a name search tool has been added in the Banks website under the link:


Honorable shareholders (holders of certificates) who still keep their certificates need to deposit them in their investment portfolios, and the Bank urges its shareholders to promptly deposit the certificates they have in their portfolios by handing them over to the company for The Securities Depository Center (Edaa) in Riyadh phone (920001919) or send it by mail to the following address (6897 King Fahd Road - Olaya - Unit No. 15 - Riyadh 12211 - 3388 Saudi Arabia), accompanied by a copy of the national ID card, wallet number and name of the Authorized Persons, in preparation for depositing them in their investment portfolios with banks

For further information, please contact Riyad Bank Shareholders Affairs via phone 0112046600 Ext.: 6111 during official working hours or Email: SHA@riyadbank.com