Riyadh – Mubasher: The board of directors of Riyad Bank recommended a cash dividend distribution of SAR 1.5 billion or SAR 0.5 per share to shareholders for 2020.
This amount represents 5% of the share’s nominal value, according to a stock exchange statement on Sunday.
Eligibility of dividends will be to the shareholders at the end of the ordinary general meeting’s (OGM) assembly, as per the registered shareholders in the register of the Securities Depository Center Company (Edaa) at the end of the second trading day following the OGM meeting date.
In 2020, the bank registered a 15.8% annual drop in net profits at SAR 4.7 billion, compared with SAR 5.6 billion in 2019.
