Riyad Bank announced that the Bank's Board of Directors decided to distribute 1050 million riyals as cash dividends to shareholders for the first half of 2017 at 0.35 riyals per share and a distribution ratio of 3.5% of the nominal value of the share, provided that the number of shares entitled to dividends is 3,000,000,000 shares.

Dividend eligibility is for shareholders holding shares on the due date of Sunday, Shawwal 8, corresponding to July 2 and registered in the bank's records with the Securities Depository Center Company at the end of the second trading day following the due date.

The distribution date will be on Shawwal 22, corresponding to July 16.

The announcement indicated that non-resident foreign investors whose cash distributions will be transferred through the resident financial intermediary will be subject to withholding tax at (5%) in accordance with the provisions of Article (68) of the Income Tax Law and Article (63) of its Executive Regulations.

The announcement indicated that non-resident foreign investors will be transferred by the resident financial intermediary upon transfer or credit to their bank account.