Riyad Bank announces the board of director’s decision to distribute cash dividends for First half Of 2025
| Element List | Explanation |
|---|---|
| Introduction | Riyad Bank announces the Board of Directors' resolution to distribute cash dividends to shareholders for the first half of 2025. |
| Date of the board’s decision | 2025-07-21 Corresponding to 1447-01-26 |
| The Total amount distributed | SAR 2,542,823,818 |
| Number of Shares Eligible for Dividends | 2,991,557,433 |
| Dividend per share | SAR 0.85 after deduction of Zakat |
| Percentage of Dividend to the Share Par Value (%) | 8.5 |
| Eligibility date | 2025-08-04 Corresponding to 1447-02-10 |
| Distribution Date | 2025-08-17 Corresponding to 1447-02-23 |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | It should be noted that the Bank has obtained no-objection from the Saudi Central Bank to distribute cash dividends to shareholders for the first half of the fiscal year 2025. |
| Additional Information | We would like to draw the attention of the non-resident investors (as defined in Article (3) of the Income Tax Law) that the cash dividend distributions transferred through the resident financial broker are subject to withholding tax at the rate of 5%, in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulation. The records of investors, at eligibility date, will be used as a guide to determine tax residency.
Accordingly, the Bank urges the non-resident investors who have tax exemptions on dividends issued by the Zakat, Tax and Customs Authority, to contact the Bank within three calendar days from the eligibility date and provide the Bank with documents supporting the tax exemption.
Shareholders who have not received their dividends for previous periods, a name search tool has been added in the Bank’s website under the link:
https://www.riyadbank.com/about-us/investor-relations/unclaimed-dividends
We kindly remind all shareholders to update their information and to link their bank account numbers to their investment portfolios to ensure the timely distribution of their cash dividends without any delay. In case of any issue in the deposit process, please visit any branch of Riyad Bank.
Furthermore, we would like to remind shareholders holding (holders of certificates) who still keep their certificates need to deposit them in their portfolios.
For inquiries, please contact the Shareholders Affairs during official working hours on telephone no. 0114013030 Ext: (6111) or by email: [email protected] |
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