SPIMACO shareholders approve 10% cash dividend for 2020

31/05/2021 Argaam Exclusive

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.

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Saudi Pharmaceutical Industries and Medical Appliances Corp.
32.70
(0.20) (0.61 %)

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Valuation Data (Latest Share Price)

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Dividend Yield -
Market Cap. (M) 3,924.00
Return on Average Assets (0.51 %)
Return on Average Equity (1.46 %)

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