Al Rajhi Bank has decided to start paying the first half of the fiscal year 2017 worth SR 2.438 billion as of Thursday, July 27.
In a statement on the market's website, the bank said in a statement on Wednesday that the eligibility of the shareholders of the bank registered with the Securities Depository Center by the end of July 18, 15% of the company's capital and equivalent to 1.5 riyals per share.
The bank posted a net profit of 2.221 billion riyals in the first quarter of 2017 compared to a net profit of 2.017 billion riyals for the first quarter of 2016.
The bank distributed dividends of SAR 1.219 billion for the first half, representing 7.5% of the company's capital, equivalent to 75 halala shares per share. For the second half of 2016, the bank distributed cash dividends of SAR 2.438 billion, equivalent to SAR 1.5 per share, representing 15% of the nominal value of the share.