The Board of Directors of Al-Rajhi Bank decided to distribute cash dividends for the fiscal year 2022, amounting to 12.5% of the capital (1.25 riyals per share after deducting zakat).

According to Al-Rajhi Bank's statement on the Saudi Tadawul website, the distribution value is 5 billion riyals, distributed over 4 billion shares.

The bank stated that the eligibility date for shareholders who own shares at the end of trading on the day of the bank’s general assembly (which will be determined later) and who are registered in the bank’s shareholder register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the assembly.

It is worth noting that the head of the Saudi Al-Rajhi Bank, Abdullah Al-Rajhi, denied earlier that there was any intention to acquire both Bank Al-Bilad or Bank Al-Jazira.

According to Arabiya Net, Al-Rajhi said that what is reported about the acquisition of other banks is incorrect, and there is no plan for merger or even research or contact, and the bank does not buy shares in these banks and there is no plan or study for this matter, pointing out that The name of Al-Rajhi Bank will not be changed to the Bank of the Future, and this [offering] does not exist at all and was not requested from us.

Abdullah Al-Rajhi pointed out that some of the bank's branches were merged, and he said our employees were at the end of 2019 about 12,500 employees, and now about 21 thousand employees, and with the merger of some branches, we did not lay off employees, but rather the opposite.

On the reasons for the bank's acquisition of Ejadah, he said it was very important for us to have a subsidiary specialized in the field of technology.

He pointed out that Al-Rajhi Bank and other Saudi banks are able to maintain their positions even with the entry of new, large foreign players into the market.

Regarding Vision 2030, Al-Rajhi said that it has changed a lot in the economy, and has given great opportunities to banks and others, and the results confirm that we are moving in the right direction.

He said we have projects with the Public Investment Fund, and the fund has become one of the most important corporate clients, and we have two companies in the construction sector and we have an expansion in 2023.

The head of Al-Rajhi Bank confirmed that there is no intention to enter the field of digital currencies.