Riyad Bank’s shareholders to receive $400m in first-half dividends

  • 7/18/2022
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RIYADH: Riyad Bank’s shareholders are set to receive a total of SR1.5 billion ($400 million) in dividends for the first half of 2022. The per-share cash dividend stands at SR0.5, representing 5 percent of capital, and will be paid at the end of the trading day on July 28, the Saudi-listed bank said in a bourse filing. Riyad Bank had earlier posted a 15 percent surge in first-quarter profits to SR1.55 billion, supported by a rise in operating income, especially in fee and commissions income, trading gains, and exchange income.

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