MIS board recommends 20% bonus issue, 10% cash dividend for H2 2021
Al Moammar Information Systems Co.'s (MIS) board of directors recommended a 20% capital increase to SAR 300 million, from SAR 250 million, through issuing one bonus share for every five shares held, the company said in a bourse statement.
It also recommended distributing a 10% cash dividend for the second half of 2021, at SAR 1 per share.
Details of Capital Increase |
|
Current capital |
SAR 250 mln |
Number of shares |
25 mln |
Capital hike% |
20% (one share for every 5 shares held) |
Capital after increase |
SAR 300 mln |
Number of shares after increase |
30 mln |
Method of Increase |
Capitalizing SAR 50 mln from reserves and retained earnings. |
Record date |
Shareholders owning the shares on record date in the register of shareholders at Edaa by the end of second trading day after record date. |
Objective |
To support and strengthen the company's capital base and future activities, which will contribute to achieving good growth rates in the coming years. |
Dividend Details (H2 2021) |
|
Dividend |
SAR 25 mln |
Percentage of capital |
10% (equivalent to SAR 1 per share) |
Record date |
Feb. 28, 2022 |
Payment date |
March 14, 2022 |
Dividend Details (2021) |
|
Dividend |
SAR 50 mln |
Percentage of capital |
20% (equivalent to SAR 2 per share) |
Fractional shares, if any, will be collected in one portfolio for all shareholders and sold at market price. The value will then be distributed among the eligible shareholders, on a pro rata basis, within a period not exceeding 30 days from the date of determining the shares due to each shareholder, according to the company's statement.
The capital increase is subject to the approval of the competent authorities as well as the company's extraordinary general meeting (EGM).
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
31/01/2022 | 28/02/2022 | 14/03/2022 | 25.00 | 0.83 | |
07/07/2021 | 29/07/2021 | 15/09/2021 | 25.00 | 0.83 | |
04/01/2021 | 07/01/2021 | 20/01/2021 | 22.00 | 0.73 | |
05/07/2020 | 21/07/2020 | 16/09/2020 | 20.00 | 0.67 | |
05/01/2020 | 12/01/2020 | 27/01/2020 | 16.00 | 0.53 | |
16/10/2019 | 31/10/2019 | 19/12/2019 | 16.00 | 0.53 |
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 | 4.13 | 25.17 | 16.42 % |
Last 5 Financial years | N/A | N/A | N/A |
Last 10 Financial years | N/A | N/A | N/A |
Valuation Data (Latest Share Price)
P/E (TTM) | 51.14 |
P/E Before Unusual Items (TTM) | More than 100 |
P/BV | 13.34 |
Dividend Yield | 1.10 % |
Market Cap. (M) | 5,568.00 |
Return on Average Assets | 4.70 % |
Return on Average Equity | 29.65 % |
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