Riyad Bank to Pay SR790m in Dividends

JEDDAH, 10 March 2004 — Riyad Bank will distribute SR790 million in dividends among its shareholders at the rate of SR9 per share, the bank said. Last year it gave SR640 million in dividends. “This will bring the total amount allocated for dividends to SR1.36 billion,” the statement pointed out. The decision was taken by the bank’s general assembly which met on Monday. Rashid Al-Rashid, the chairman, said the bank would continue its efforts to achieve its strategic goals and take care of the interest of shareholders and clients.