Bank Albilad approves 5% cash dividend for H2 2019

27/04/2020 Argaam Exclusive

Bank Albilad’s shareholders approved a 5% cash dividend for the second half of 2019, at SAR 0.5 per share, amounting to SAR 375 million, during the general assembly meeting held on April 26.

 

Shareholders also approved delegating the bank’s board to distribute cash dividend for the fiscal year 2020 on a semi-annual or quarterly basis in accordance with the bank’s financial position, cash flows, as well as investment and expansion plans.

Dividend Details (H2 2019)

Current capital

SAR 7.5 bln

Number of shares

750 mln

Dividend

SAR 375 mln

Percentage of capital

5% (SAR 0.5/share)

Record date

April 26, 2020 (end of second trading day following the general assembly meeting)

Payment day

May 4, 2020

Dividend Details (FY 2019)

Dividend

SAR 675 mln

Percentage of capital

9% (SAR 0.9 per share)

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Bank Albilad
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Valuation Data (Latest Share Price)

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P/E Before Unusual Items (TTM) 16.72
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Dividend Yield 1.10 %
Market Cap. (M) 43,875.00
Return on Average Assets 1.80 %
Return on Average Equity 17.07 %

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