SABB shareholders OK 7.4% cash dividend for H2 2022
Shareholders of Saudi British Bank (SABB) approved a 7.4% cash dividend, or SAR 0.74 a share, for H2 2022 during the extraordinary general meeting (EGM) held on May 3, the bank said in a statement to Tadawul.
Dividend Details (H2 2022) |
|
Current capital |
SAR 20.54 bln |
Number of shares |
2.05 bln |
Dividend |
SAR 1.52 bln |
Percentage of capital |
7.4% (SAR 0.74 per share) |
Record date |
May 3, 2023 (Shareholders registered with Edaa by the close of the second trading day following the EGM date. |
Payment date |
May 18, 2023 |
Dividend Details (2022) |
|
Dividend |
SAR 2.65 bln |
Percentage of capital |
12.9% (SAR 1.29 per share) |
Shareholders also approved authorizing the board to distribute interim dividends quarterly or semi-annually for 2023.
They also approved the buyback of one million shares maximum to be allocated to the Long-Term Incentive Program (LTIP) for employees. The share repurchase will be financed through the bank’s own resources.
The board was authorized to finalize the buyback in 12 months maximum from the EGM decision. The shares will be retained for no more than 10 years.
Once the stipulated period lapses, SABB will follow the rules and procedures stipulated in the relevant laws and regulations for eligible employees.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
14/02/2023 | 03/05/2023 | 18/05/2023 | 1,521.00 | 0.74 | |
04/07/2022 | 13/07/2022 | 27/07/2022 | 1,130.00 | 0.55 | |
21/02/2022 | 17/04/2022 | 25/04/2022 | 740.00 | 0.36 | |
01/08/2021 | 05/08/2021 | 19/08/2021 | 1,027.00 | 0.50 | |
01/01/2020 | 22/04/2020 | 05/05/2020 | 1,234.00 | 0.60 | |
05/08/2019 | 19/08/2019 | 02/09/2019 | 1,185.00 | 0.58 | |
27/12/2018 | 01/04/2019 | 10/04/2019 | 1,500.00 | 1.00 | |
24/07/2018 | 02/08/2018 | 16/08/2018 | 1,440.00 | 0.96 | |
24/12/2017 | 28/03/2018 | 08/04/2018 | 1,065.00 | 0.71 | |
20/07/2017 | 03/08/2017 | 17/08/2017 | 1,065.00 | 0.71 |
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 | 4.01 | 24.80 | 16.17 % |
Last 5 Financial years | 5.19 | 32.65 | 15.89 % |
Last 10 Financial years | 10.72 | 29.67 | 36.12 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 8.30 |
P/E Before Unusual Items (TTM) | 8.30 |
P/BV | 1.08 |
Dividend Yield | 4.91 % |
Market Cap. (M) | 64,726.20 |
Return on Average Assets | 2.12 % |
Return on Average Equity | 13.48 % |
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