Press Releases

<p>Riyad Bank announced the bank’s recommendation to distribute cash dividends to shareholders for the year 2020, with a total amount distributed of 1,500,000,000 riyals, provided that the share per the distribution is 0.50 riyals after deducting zakat, with a distribution ratio of 5.0% to the nominal value of the share.</p><p>The company said that the number of shares due for dividends is 3,000,000,000, and the date of distribution will be announced at a later time.</p><p>And that the eligibility of the profits shall be for the bank’s shareholders owners since the end of the day of the general assembly of the bank and who are registered in the bank’s records at the Securities Depository Company Center at the end of the second trading day following the date of the meeting, which will be announced later.</p><p>The administration pointed out to non-resident foreign investors that cash distributions that are transferred through the resident financial intermediary are subject when transferred or recorded in his bank account to withholding tax at a rate of 5% in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its implementing regulations.</p><p>The bank mentions that, in concern for the honorable shareholders who did not during the previous periods receive their dividends, a feature to search for their profits has been included on the bank’s website via the link: <br /><a href="https://www.riyadbank.com/ar/about-us/investor-relations/unclaimed-dividends">https://www.riyadbank.com/ar/about-us/investor-relations/unclaimed-dividends</a></p>