SAIB shareholders to vote on 33.3% bonus shares, 7% cash dividend for 2021
The Saudi Investment Bank’s (SAIB) shareholders will discuss the board's recommendation on increasing capital by 33% to SAR 10 billion from SAR 7.5 billion through one-for-three bonus share distribution, during the general meeting that will be held on Feb. 1.
In addition, shareholders will vote on the board's recommendation on paying cash dividend at 7% of capital, or SAR 0.7 per share, for 2021, the bank said in a bourse statement today, Jan. 11.
Key Figures of the Capital Hike |
|
Current Capital |
SAR 7.5 bln |
Number of Shares |
750 mln |
Hike (%) |
33.33% (one share for every three outstanding shares) |
New Capital |
SAR 10 bln |
New Number of Shares |
1 bln |
Driver |
Strengthening the company's capital base to increase growth and future expansions over the coming years |
Record Date |
Shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day following the EGM on Feb. 1, 2022. |
Dividend Details (2021) |
|
Number of Shares |
750 mln |
Dividend |
SAR 525 mln |
Percentage of Capital |
7% (SAR 0.70 per share after Zakat) |
Record Date |
Feb. 1 (Shareholders registered with Edaa at the end of second trading day following the EGM date). |
Payment Date |
To be announced later |
Shareholders will also elect board members for the next three-year term starting Feb. 14.
In addition, they will vote on forming the audit committee and identifying its responsibilities, working controls as well as the remuneration of its members for the next three-year term starting Feb. 14.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
22/12/2021 | 01/02/2022 | 10/02/2022 | 525.00 | 0.42 | |
04/03/2021 | 21/04/2021 | 02/05/2021 | 270.00 | 0.22 | |
14/02/2018 | 24/04/2018 | 01/05/2018 | 450.00 | 0.36 | |
06/12/2016 | 17/04/2017 | 20/04/2017 | 350.00 | 0.28 | |
13/12/2015 | 04/04/2016 | 07/04/2016 | 487.50 | 0.39 | |
04/12/2014 | 08/03/2015 | 10/03/2015 | 480.00 | 0.38 | |
19/12/2013 | 01/04/2014 | 06/04/2014 | 440.00 | 0.35 | |
17/12/2012 | 11/03/2013 | 16/03/2013 | 385.00 | 0.31 | |
02/01/2012 | 18/03/2012 | 25/03/2012 | 275.00 | 0.22 | |
27/11/2005 | 06/03/2006 | 14/03/2006 | 103.14 | 0.08 |
Dividend History
Consolidated cash dividend | Cash dividend per share (SAR) | * The stock price at the beginning of the period (SAR) | Return on the base price |
---|---|---|---|
Last 3 Financial years | 0.64 | 10.29 | 6.18 % |
Last 5 Financial years | 1.00 | 8.49 | 11.73 % |
Last 10 Financial years | 2.71 | 7.61 | 35.60 % |
Valuation Data (Latest Share Price)
P/E (TTM) | 9.504 |
P/E Before Unusual Items (TTM) | 9.504 |
P/BV | 1.17 |
Dividend Yield | 5.33 % |
Market Cap. (M) | 18,000.00 |
Return on Average Assets | 1.35 % |
Return on Average Equity | 12.99 % |
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