The General Assembly of Riyad Bank approved the Board of Directors' recommendation to distribute cash dividends of 1620 million riyals for the second half of the fiscal year ending on December 31, 2021.
According to Arabiya Net, the bank stated that the distribution will be at 54 halalas per share and 5.4% of the capital.
Eligibility will be for the shareholders who own the shares at the end of trading on the day of the general assembly meeting and who are registered in the company's shareholders register with the Securities Depository Center Company at the end of the second trading day following the due date, provided that the distribution of profits begins as of Monday, April 25 2022, corresponding to 9/24/1443.
The General Assembly also approved authorizing the Board of Directors to distribute interim dividends on a semi/quarterly basis for the fiscal year 2022
