Saudi Pharmaceutical Industries and Medical Appliances Corp.’s (SPIMACO) shareholders approved the board recommendation to distribute a 10% cash dividend for 2020, at SAR 1 per share, during the ordinary general assembly meeting held on May 30, 2021.
Dividend Details (2020) |
|
Current Capital |
SAR 1.2 bln |
Number of shares |
120 mln |
Dividend |
SAR 120 mln |
Percentage of capital |
10% (SAR 1 per share) |
Record date |
May 30, 2021 (Shareholders who own company shares at the eligibility date and enrolled in the company’s register at Securities Depository Center (Edaa) by the end of the second trading day following this date) |
Payment date |
To be determined |
Shareholders also approved transferring SAR 7.94 million from the consensual reserve amounted to SAR 41.75 million to complete the amount allocated for dividend for 2020, the company said in a bourse statement.
Meanwhile, they authorized the company’s board of directors to distribute interim dividend for 2021 on a semi-annual or quarterly basis, and determine the due date and disbursement in accordance with the regulatory controls and procedures issued in implementation of the Companies Law, in line with the company's financial position, cash flows, expansion and investment plans.
P/E (TTM) | More than 100 |
P/E Before Unusual Items (TTM) | More than 100 |
P/BV | 2.53 |
Dividend Yield | - |
Market Cap. (M) | 3,732.00 |
Return on Average Assets | 0.27 % |
Return on Average Equity | 0.77 % |
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