Riyadh – Mubasher: The shareholders of Riyad Bank approved the board’s recommendation to disburse cash dividends worth SAR 1.95 billion for the second half (H2) of 2022.
The listed bank will grant SAR 0.65 per share for 3 billion eligible shares on 3 April 2023, according to a bourse disclosure.
Meanwhile, the announced cash dividends, which were proposed last December, represent 6.50% of the bank’s capital.
In 2022, the Saudi lender logged net profits worth SAR 7.01 billion, up 16.50% year-on-year (YoY) from SAR 6.02 billion.
Earnings per share (EPS) increased to SAR 2.32 last year from SAR 2.01 in 2021, whereas the clients’ deposits jumped by 13.38% to SAR 240 billion from SAR 211.67 billion.
