Al Rajhi Bank, Saudi Arabia’s largest listed lender, said it would distribute dividends worth SR2.25bn ($599.9m) for the first six months of 2013.
This was equivalent to 1.5 riyals per share, according to a statement posted on the Saudi stock exchange late on Wednesday.
The amount is slightly higher than the 1.25 riyals per share which the bank paid last year.
Al Rajhi is expected to release its second-quarter earnings around July 16.
Separately, Banque Saudi Fransi, the lender part-owned by Credit Agricole, said on Thursday it would distribute dividends worth SR361.6m ($96.4m) for the first six months of the year.
This equates to 0.4 riyals per share, the statement to the Saudi stock exchange said.
In 2012, Banque Saudi Fransi paid a full-year dividend of 0.8 riyals per share, indicating that this year’s payment is in line with that made last year.
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