Riyadh – Mubasher: Riyad Bank recommended cash dividends valued at SAR 2.69 billion, equivalent to 9% of its capital, for the second half (H2) of 2024.

The bank will disburse a divined after Zakat worth SAR 0.90 for 2.99 billion eligible shares, according to a bourse filing.

Meanwhile, the distribution date will be announced at a later time.

The Saudi lender’s net profits jumped by 15.86% to SAR 9.32 billion in 2024 from SAR 8.04 billion a year earlier.