Saudi Arabian Oil Co.’s (Saudi Aramco) board of directors recommended, on March 18, increasing the company’s capital from SAR 60 billion to SAR 75 billion by capitalizing SAR 15 billion from retained earnings by granting one share for every 10 shares, according to a bourse filing today, March 20.
|
Capital Increase Details |
|
|
Current Capital* |
SAR 60 bln |
|
Number of Shares** |
200 bln |
|
Increase (%) |
25% |
|
Shares Granted |
1 share for every 10 shares |
|
New Capital |
SAR 75 bln |
|
New Number of Shares |
220 bln |
|
Reason |
To maximize shareholders’ total returns through distribution of sustainable and progressive dividends, in line with future prospects, underlying growth in free cash flow, and long-term value creation through investments in available opportunities |
|
Method |
Capitalization of SAR 15 bln from retained earnings |
Shareholders by the end of trading on the day of the extraordinary general assembly meeting (EGM), the date for which will be announced later, are eligible, along with those registered with the Securities Depository Center (Edaa) at the end of the second trading day following the EGM.
In case of bonus shares fractions, Saudi Aramco collect all fractions in one portfolio for all shareholders to be sold at market price. The amount will be distributed proportionately among the eligible shareholders, within a period not exceeding 30 days from the date of determining the due shares for each shareholder.
The proposed grant is subject to obtaining necessary approvals from relevant authorities and the EGM, on the capital increase and number of shares granted.
The company also announced distributing SAR 70.33 billion ($18.76 billion) cash dividend to shareholders for the fourth quarter of 2021.
|
Dividend Details (Q4 2021) |
|
|
Current Capital* |
SAR 60 bln |
|
Number of Shares** |
200 bln |
|
Dividend |
SAR 70.33 bln |
|
Dividend per share |
SAR 0.3518 per share |
|
Record Date |
March 22, 2022 (Shareholders registered with the Depository Center Co. (Edaa) at the end of the second trading day following the due date) |
|
Payment date |
March 31, 2022 |
|
Dividend Details (2021) |
|
|
Total Dividends |
SAR 281.32 bln |
|
Dividend per share |
SAR 1.40 per share |
*No nominal value for Saudi Aramco shares
** 199.91 billion shares are due for distribution
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 20/03/2022 | 22/03/2022 | 31/03/2022 | 70,330.00 | 0.29 | |
| 31/10/2021 | 04/11/2021 | 22/11/2021 | 70,328.07 | 0.29 | |
| 08/08/2021 | 15/08/2021 | 01/09/2021 | 70,327.08 | 0.29 | |
| 04/05/2021 | 10/05/2021 | 02/06/2021 | 70,325.33 | 0.29 | |
| 21/03/2021 | 22/03/2021 | 31/03/2021 | 70,324.78 | 0.29 | |
| 03/11/2020 | 09/11/2020 | 30/11/2020 | 70,318.77 | 0.29 | |
| 09/08/2020 | 11/08/2020 | 31/08/2020 | 70,318.77 | 0.29 | |
| 12/05/2020 | 21/05/2020 | 18/06/2020 | 70,318.77 | 0.29 | |
| 15/03/2020 | 18/03/2020 | 31/03/2020 | 50,210.00 | 0.21 | |
| 01/11/2019 | - | - | 50,250.00 | 0.21 |
| 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 | 3.46 | 29.10 | 11.88 % |
| Last 5 Financial years | N/A | N/A | N/A |
| Last 10 Financial years | N/A | N/A | N/A |
| P/E (TTM) | 15.37 |
| P/E Before Unusual Items (TTM) | 15.28 |
| P/BV | 4.42 |
| Dividend Yield | 5.13 % |
| Market Cap. (M) | 6,739,700.00 |
| Return on Average Assets | 17.68 % |
| Return on Average Equity | 29.09 % |
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