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Zahrat Al Waha shareholders approve 50% bonus issue, 15% cash dividend for 2021
Zahrat Al Waha for Trading Co.’s shareholders approved increasing the company's capital by 50%, through 1-for-2 bonus share distribution, to SAR 225 million, during the extraordinary general meeting (EGM) held on May 9.
They also approved a 15% cash dividend, or SAR 1.5 per share, for 2021, the company said in a bourse filing.
|
Details of Bonus Issue |
|
|
Current capital |
SAR 150 mln |
|
Number of shares |
15 mln |
|
Capital increase % |
50% (one share for every two shares held) |
|
Capital after increase |
SAR 225 mln |
|
Number of shares after increase |
22.5 mln |
|
Objective of increase |
Enhancing the company's financial solvency and strengthen its capital to match the size of its business and its future aspirations. |
|
Method of increase |
Capitalizing SAR 75 million from retained earnings |
|
Dividend Details (2021) |
|
|
Current capital |
SAR 150 mln |
|
Number of shares |
15 mln |
|
Dividend |
SAR 22.5 mln |
|
Percentage of capital |
15% (SAR 1.5 per share) |
|
Record date |
May 9 (Shareholders registered with Edaa by the close of the second trading day following the record date) |
|
Payment date |
To be announced later |
The shareholders also authorized the board of directors to distribute interim dividends on a semi-annual or a quarterly basis for 2022.
In a separate statement, the Saudi Exchange (Tadawul) announced that today, May 10, the fluctuation limits for Zahrat Al Waha will be based on a share price of SAR 59.80 and the outstanding orders will be canceled.
Meanwhile, the Securities Depository Center (Edaa) will deposit the additional shares into the investor’s portfolios by May 12.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 15/11/2021 | 09/05/2022 | 26/05/2022 | 22.50 | 1.00 | |
| 25/02/2021 | 26/04/2021 | 01/06/2021 | 15.00 | 0.67 | |
| 27/02/2020 | 19/04/2020 | 10/05/2020 | 11.25 | 0.50 | |
| 24/10/2019 | 21/11/2019 | 02/12/2019 | 11.25 | 0.50 | |
| 19/03/2019 | 19/05/2019 | 13/06/2019 | 15.00 | 0.67 | |
| 27/02/2018 | 22/04/2018 | 06/05/2018 | 15.00 | 0.67 | |
| 31/12/2015 | - | 31/12/2015 | 15.46 | 0.69 | |
| 31/12/2014 | - | 31/12/2014 | 8.36 | 0.37 |
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 | 2.27 | 31.83 | 7.12 % |
| Last 5 Financial years | 3.93 | 32.62 | 12.06 % |
| Last 10 Financial years | N/A | N/A | N/A |
Valuation Data (Latest Share Price)
| P/E (TTM) | 32.72 |
| P/E Before Unusual Items (TTM) | 31.24 |
| P/BV | 2.60 |
| Dividend Yield | 3.65 % |
| Market Cap. (M) | 758.25 |
| Return on Average Assets | 4.11 % |
| Return on Average Equity | 7.84 % |
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