SABB shareholders to vote on 6% dividend for H2 2019 on April 22
The Saudi British Bank’s (SABB) shareholders are set to vote on the board’s recommendation to distribute a 6% cash dividend, or SAR 0.6 per share, for the second half of 2019, during the ordinary general meeting (OGM) that will be held on April 22, 2020.
Shareholders will be able to participate and vote on agenda items through Tadawulaty services offered by the Securities Depository Center Co. (Edaa), in line with the Capital Market Authority’s (CMA) decision to suspend personal attendance at general meetings to contain the spread of Coronavirus.
Dividend Details (H2 2019) |
|
Current Capital |
SAR 20.547 bln |
Number of shares |
2.054 bln |
Dividend |
SAR 1.234 bln |
Percentage of capital |
6% (SAR 0.6 per share) |
Record date |
April 22, 2020 |
Payment date |
May 05, 2020 |
Total Dividends (FY 2019) |
|
Total dividends |
SAR 2.419 bln |
Percentage of capital |
12% (SAR 1.2 per share) |
Shareholders will also vote on the financial results, as well as the board and auditor’s reports for the fiscal year (FY) ended Dec. 31, 2019.
In addition, they will vote on appointing an auditor, discharging board members from liabilities for FY 2019, in addition to a board remuneration of SAR 4.113 million for 2019.
Shareholders will further vote on authorizing the board of directors to distribute interim dividends on a quarterly or semi-annual basis for 2020, the statement noted.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
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 | |
27/12/2016 | 25/04/2017 | 04/05/2017 | 525.00 | 0.35 | |
07/08/2016 | 18/08/2016 | 01/09/2016 | 525.00 | 0.35 | |
27/12/2015 | 29/03/2016 | 05/04/2016 | 525.00 | 0.35 | |
09/07/2015 | 15/07/2015 | 12/08/2015 | 600.00 | 0.40 |
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 | 4.56 | 25.19 | 18.09 % |
Last 5 Financial years | 6.01 | 39.33 | 15.27 % |
Last 10 Financial years | 8.65 | 22.01 | 39.31 % |
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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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