Banque Saudi Fransi shareholders to vote on 8.5% cash dividend for H2 2021 on June 12
Banque Saudi Fransi (BSF) shareholders will vote on the board of directors’ recommendation to pay cash dividend at 8.5% of capital, or SAR 0.85 a share, for H2 2021, during the extraordinary general meeting (EGM) slated for June 12, according to a bourse filing.
Dividend Details |
|
Current Capital |
SAR 12.054 bln |
Number of Shares |
1.205 bln |
Total Dividend |
SAR 1.019 bln |
Percentage of Capital |
8.5% (SAR 0.85 per share after deducting Zakat) |
Record Date |
June 12, 2022 (Shareholders of record on the second trading day after the due date) |
Payment Date |
June 30, 2022 |
*The number of shares to be distribute is 1199.9 million.
Total Dividend |
|
Total Dividend |
SAR 1.799 bln |
Percentage of Capital |
15% (SAR 1.5 a share) |
Shareholders will also vote on authorizing the board of directors to pay interim dividends for 2022 on a semi-annual or a quarterly basis.
Shareholders will further discuss a share buyback of maximum 3 million shares to be allocated for the employee incentive program. The share repurchase will be financed from internal resources and the board will be authorized to complete the buyback within a maximum of 12 months.
The bank will retain the shares for 10 years maximum from the EGM date. After the period expires, the bank shall follow the procedures stipulated in the relevant laws and regulations. This program complements the board’s relevant approval on May 1, 2019.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
23/12/2021 | 12/06/2022 | 30/06/2022 | 1,019.96 | 0.85 | |
04/07/2021 | 11/07/2021 | 05/08/2021 | 779.97 | 0.65 | |
02/03/2021 | 05/05/2021 | 31/05/2021 | 479.98 | 0.40 | |
30/12/2019 | 13/05/2020 | 08/06/2020 | 1,199.68 | 1.00 | |
03/07/2019 | 11/07/2019 | 29/07/2019 | 1,199.69 | 1.00 | |
27/12/2018 | 01/05/2019 | 16/05/2019 | 959.49 | 0.80 | |
01/07/2018 | 10/07/2018 | 25/07/2018 | 1,079.42 | 0.90 | |
04/03/2018 | 19/04/2018 | 06/05/2018 | 419.80 | 0.35 | |
10/07/2017 | 16/07/2017 | 27/07/2017 | 1,259.30 | 1.04 | |
19/01/2017 | 20/04/2017 | 04/05/2017 | 601.10 | 0.50 |
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 | 3.55 | 37.50 | 9.46 % |
Last 5 Financial years | 7.23 | 28.85 | 25.06 % |
Last 10 Financial years | 11.97 | 22.13 | 54.10 % |
Valuation Data (Latest Share Price)
P/E (TTM) | 8.84 |
P/E Before Unusual Items (TTM) | 8.84 |
P/BV | 0.99 |
Dividend Yield | 4.85 % |
Market Cap. (M) | 37,608.48 |
Return on Average Assets | 1.58 % |
Return on Average Equity | 11.75 % |
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