Monday, 1 March 2021

#Saudi's Al Rajhi Bank board recommends $667mln dividend | ZAWYA MENA Edition

Saudi's Al Rajhi Bank board recommends $667mln dividend | ZAWYA MENA Edition

The board of directors of Saudi Arabia’s second largest bank has recommended a dividend of SAR 2.5 billion ($667 million).

The bank made the announcement to the Saudi Stock Exchange (Tadawaul) today, that its board had recommended a dividend of SAR 1 per share on 2.5 billion shares for 2020.

Al Rajhi Bank reported net income of SAR 10.59 billion in 2020, up from SAR 10.16 billion in 2019.

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