The Clap
Al Rajhi Bank’s (1120) net profit decreased by 2.5% YoY in Q2 2023.
What
Al Rajhi Bank, which is the second largest Saudi bank in terms of assets, indicated that its low quarterly profits in Q2 were driven by a decrease in its total operating income by 4.5%.
So What
The bank’s BoD decided to distribute cash dividends to shareholders for H1 2023 of SAR 4.6 billion, at SAR 1.15 per share.
Now What
Dividends will be distributed on August 14th.
