Stock: Riyad Bank (1010)


News: Past 4 years

Announcements


Press Releases

2023

Sep 30, 2023: Quarterly Activities Report: Riyad Bank Cash Balance decreases 38%
As per a report dated September 30, 2023 the Cash Burn of operating activities was SAR8,738,159,000 for the nine months ended September 30, 2023. This corresponds to an average Cash Burn Rate of SAR970,906,556 per month. To support this Cash Burn Rate, the cash balance of SAR25,712,332,000 as at September 30, 2023 should be adequate till December 02, 2025. The cash runway defined by the length of time to run out of money if it kept spending at its current rate of cash burn is 2 years and 4 days from today's date.
Quarter ended 30 Sep 2023SAR
Cash and cash equivalents at beginning of period41.5 billion
Net cash from / (used in) operating activities(8.7 billion)
Net cash from investing activities(7 billion)
Net cash from financing activities(61.8 million)
Cash raised (used) during quarter(15.8 billion)
Cash and cash equivalents at end of period25.7 billion


2022

Sep 30, 2022: Quarterly Activities Report: Riyad Bank Cash Balance decreases 3.6%
As per a report dated September 30, 2022 the Cash Burn of operating activities was SAR3,323,235,000 for the nine months ended September 30, 2022. This corresponds to an average Cash Burn Rate of SAR369,248,333 per month.
Quarter ended 30 Sep 2022SAR
Cash and cash equivalents at beginning of period32.4 billion
Net cash from / (used in) operating activities(3.3 billion)
Net cash from investing activities2.5 billion
Net cash from financing activities(394.2 million)
Cash raised (used) during quarter(1.2 billion)
Cash and cash equivalents at end of period31.2 billion


2021

Sep 30, 2021: Quarterly Activities Report: Riyad Bank Cash Balance decreases 26%
As per a report dated September 30, 2021 the Cash Burn of operating activities was SAR10,425,778,000 for the nine months ended September 30, 2021. This corresponds to an average Cash Burn Rate of SAR1,158,419,778 per month. To support this Cash Burn Rate, the cash balance of SAR33,160,114,000 as at September 30, 2021 should be adequate till February 06, 2024. The cash runway defined by the length of time to run out of money if it kept spending at its current rate of cash burn is 2 years, 2 months and 10 days from today's date.
Quarter ended 30 Sep 2021SAR
Cash and cash equivalents at beginning of period45 billion
Net cash from / (used in) operating activities(10.4 billion)
Net cash from investing activities(1.2 billion)
Net cash from financing activities(203.1 million)
Cash raised (used) during quarter(11.8 billion)
Cash and cash equivalents at end of period33.2 billion

Aug 11, 2021: Events Calendar: Riyad Bank announces hosting its 2021 second quarter earnings conference call
As part of Riyadh Bank initiatives to increase transparency and disclosures, Riyad Bank will organize on Tuesday 17 August 2021 its Q2 2021 financial results earnings conference call with investors, analysts and investment houses, to discuss the results of Q2 2021.

Source: mubasher.info

Jun 30, 2021: Quarterly Activities Report: Riyad Bank Cash Balance decreases 17%
As per a report dated June 30, 2021 the Cash Burn of operating activities was SAR8,352,581,000 for the six months ended June 30, 2021. This corresponds to an average Cash Burn Rate of SAR1,392,096,833 per month. To support this Cash Burn Rate, the cash balance of SAR37,249,617,000 as at June 30, 2021 should be adequate till September 11, 2023. The cash runway defined by the length of time to run out of money if it kept spending at its current rate of cash burn is 2 years and 23 days from today's date.
Quarter ended 30 Jun 2021SAR
Cash and cash equivalents at beginning of period45 billion
Net cash from / (used in) operating activities(8.4 billion)
Net cash from investing activities(805 million)
Net cash from financing activities1.4 billion
Cash raised (used) during quarter(7.7 billion)
Cash and cash equivalents at end of period37.2 billion

May 03, 2021: Events Calendar: Riyad Bank announces hosting Q1 2021 earnings conference call
As part of Riyadh Bank initiatives to increase transparency and disclosures, Riyad Bank will organize on Thursday 5 May 2021 its Q1 2021 financial results earnings conference call with investors, analysts and investment houses, to discuss Q1 2021 results.

Source: mubasher.info

Mar 31, 2021: Quarterly Activities Report: Riyad Bank Cash Balance decreases 15%
The Cash Burn of operating activities was SAR9,136,245,000 in the quarter ended March 31, 2021. This corresponds to an average Cash Burn Rate of SAR3,045,415,000 per month. To support this Cash Burn Rate, the cash balance of SAR38,160,562,000 as at March 31, 2021 should be adequate till April 10, 2022. The cash runway defined by the length of time to run out of money if it kept spending at its current rate of cash burn is 10 months and 4 days from today's date.
Quarter ended 31 Mar 2021SAR
Cash and cash equivalents at beginning of period45 billion
Net cash from / (used in) operating activities(9.1 billion)
Net cash from investing activities(592.6 million)
Net cash from financing activities2.9 billion
Cash raised (used) during quarter(6.8 billion)
Cash and cash equivalents at end of period38.2 billion

Mar 02, 2021: Events Calendar: Riyad Bank announces hosting FY2020 earnings conference call
As part of Riyadh Bank initiatives to increase transparency and disclosures, Riyad Bank will organize on Thursday 4 March 2021 its 2020 financial results earnings conference call with investors, analysts and investment houses, to discuss FY 2020 results.

Source: mubasher.info

Jan 21, 2021: Riyad Bank announces the commencement of the offer of its Tier 2 Sukuk
With reference to the announcement from Riyad Bank (the "Bank") published on the website of the Saudi Stock Exchange (Tadawul) on 19-1-2021G (corresponding to 6-6-1442H), relating to the intention of the Bank to establish a domestic SAR-denominated Sukuk issuance programme of up to SAR 10 billion and its intention to issue senior and/or subordinated Sukuk including the issuance of Tier 2 capital-eligible Sukuk, the Bank would like to announce the commencement of the offer of Tier 2 capital-eligible Sukuk.

Source: mubasher.info

Jan 20, 2021: Riyad Bank announces intention to issue Tier 2 Sukuk.
Riyad Bank (the "Bank") announces its intention to establish a domestic SAR-denominated Sukuk issuance programme of up to SAR 10 billion (the "Sukuk Programme") for the purpose of issuing and offering senior and/or subordinated Sukuk including the issuance of Tier 2 capital-eligible Sukuk (the "Tier 2") in one or more tranches or through one issuance or a series of issuances and its intention to issue Tier 2 Sukuk under the Sukuk Programme by way of private placement in the Kingdom of Saudi Arabia (the "Potential Offer").

Source: mubasher.info

2020

Nov 03, 2020: Events Calendar: Riyad Bank announces hosting 2020 third quarter earnings conference call
As part of Riyadh Bank initiatives to increase transparency and disclosures, Riyad Bank will organize on Monday 2 November 2020 its Q3 2020 financial results earnings conference call with investors, analysts and investment houses, to discuss the results of Q3 2020.

Source: mubasher.info

Aug 08, 2020: Events Calendar: Riyad Bank Announces an update in regard to hosting its 2020 second quarter earnings conference call
On Tuesday July 28, 2020 Riyad Bank hosted its Q2 2020 financial results earnings conference call with investors, analysts and investment houses, locally and internationally, to discuss the results of Q2 2020.

Source: mubasher.info

Jul 28, 2020: Events Calendar: Riyad Bank announces hosting 2020 second quarter earnings conference call
As part of Riyadh Bank initiatives to increase transparency and disclosures, Riyad Bank will organize on Tuesday 28 July 2020 its Q2 2020 financial results earnings conference call with investors, analysts and investment houses, to discuss the results of Q2 2020.

Source: mubasher.info

May 20, 2020: Events Calendar: Riyad Bank announces hosting 2020 first quarter earnings conference call
As part of Riyadh Bank initiatives to increase transparency and disclosures, Riyad Bank will organize on Tuesday May 19, 2020 its Q1 2020 financial results earnings conference call with investors, analysts and investment houses, to discuss the results of Q1 2020.

Source: FPT Securities

May 20, 2020: Events Calendar: Addendum Announcement from Riyad Bank in regard to hosting 2020 first quarter earnings conference call
On Tuesday May 19, 2020 Riyad Bank hosted its Q1 2020 financial results earnings conference call with investors, analysts and investment houses, locally and internationally, to discuss the results of Q1 2020.

Source: FPT Securities

Dividends

2023

Jul 20, 2023: Riyad Bank announces dividend
Riyad Bank today announced a cash dividend of 65.0 hallalah per share. The ex-dividend date is Sunday, July 30, 2023 and the record date is Monday, July 31, 2023 and it is payable on Monday, August 07.

Mar 27, 2023: Riyad Bank announces dividend
Riyad Bank today announced a cash dividend of 65.0 hallalah per share. The ex-dividend date is Monday, March 27, 2023 and the record date is Tuesday, March 28, 2023 and it is payable on Monday, April 03.

2022

Jul 19, 2022: Riyad Bank announces dividend
Riyad Bank today announced a cash dividend of 50.0 hallalah per share. The ex-dividend date is Sunday, July 31, 2022 and the record date is Monday, August 01, 2022 and it is payable on Thursday, August 11.

2021

Jun 21, 2021: Riyad Bank announces the distribution of cash dividend for the first half of 2021
Riyad Bank announces the Board of Directors' resolution to distribute cash dividends to shareholders for the first half of 2021

Source: mubasher.info

Mar 22, 2021: Riyad Bank announces dividend
Riyad Bank today announced a cash dividend of 50.0 hallalah per share. The ex-dividend date is Wednesday, March 24.

Mar 02, 2021: Riyad Bank announces the distribution of cash dividend for 2020
Riyad Bank announces the Board of Directors' recommendation to distribute cash dividends to shareholders for the year 2020

Source: mubasher.info

Meetings
Mar 26, 2021: Riyad Bank Announces the Results of the Ordinary General Assembly Meeting, (First Meeting )
Riyad Bank's Board of Directors is pleased to announce the results of the Ordinary General Meeting (first meeting)

Source: mubasher.info

Mar 26, 2021: Riyad Bank Invites its Shareholders to Attend the Ordinary General Assembly Meeting (First Meeting) by Means of Modern Technology. (Reminder)
The Board of Directors of Riyad Bank (the "Bank") is pleased to invite its shareholders to attend the Ordinary General Meeting (First Meeting) scheduled to be held at 6:30 PM on Tuesday, 10/08/1442H (corresponding 23/03/2021G) by means of modern technology. This is in support of the preventive and precautionary efforts and measures exerted by the competent and relevant health authorities to address the emerging Corona Virus (COVID-19), and as an extension of the continuous efforts exerted by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread.

Source: mubasher.info

Mar 18, 2021: Riyad Bank announces the start of electronic voting on the Ordinary General Meeting Agenda (First Meeting)
With reference to Riyad Bank's announcement in Tadawul on 18-07-1442 corresponding to 02-03-2021 regarding inviting the shareholders to participate and vote in the ordinary general assembly meeting (the first meeting) scheduled to be held at 6:30 PM on Tuesday 10-08-1442 corresponding to 23-03-2021 via modern technology means.

Source: mubasher.info

Mar 02, 2021: Riyad Bank Invites its Shareholders to Attend the Ordinary General Assembly Meeting (First Meeting) by Means of Modern Technology.
The Board of Directors of Riyad Bank (the "Bank") is pleased to invite its shareholders to attend the Ordinary General Meeting (First Meeting) scheduled to be held at 6:30 PM on Tuesday, 10/08/1442H (corresponding 23/03/2021G) by means of modern technology. This is in support of the preventive and precautionary efforts and measures exerted by the competent and relevant health authorities to address the emerging Corona Virus (COVID-19), and as an extension of the continuous efforts exerted by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread.

Source: mubasher.info

Funding/Capital
Feb 10, 2021: Riyad Bank announces the completion of issuing SAR-denominated Tier 2 capital-eligible Sukuk offered by way of private placement in the Kingdom of Saudi Arabia.
SAR-denominated Tier 2 capital-eligible Sukuk offered by way of private placement in the Kingdom of Saudi Arabia.

Source: mubasher.info