Saudi: Al Rajhi Bank’s board eyes $1.2bln dividends for H2-23

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The lender will disburse a dividend of SAR 1.15 per share, equivalent to 11.50% of the share nominal value, for 4 billion eligible shareholders

Staff Writer, Mubasher

February 25, 2024

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Al Rajhi Bank announced the board’s proposal to pay SAR 4.60 billion as cash dividends after Zakat for the second half (H2) of 2023, according to a bourse filing.

The lender will disburse a dividend of SAR 1.15 per share, equivalent to 11.50% of the share nominal value, for 4 billion eligible shareholders.

Meanwhile, the eligibility and payment dates for the H2-23 dividends will be disclosed at a later time.

As of 31 December 2023, Al Rajhi Bank registered SAR 16.62 billion in net profit, down by 3.09% from SAR 17.15 billion in 2022.

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