Saudi National Bank shareholders approve 8% cash dividend for 2020

09/05/2021 Argaam Exclusive

Saudi National Bank's (SNB) shareholders approved the board recommendation on paying cash dividend for 2020 at 8% of capital, or SAR 0.80 per share, during the extraordinary general meeting (EGM), held on May 6, 2021, the company said in a bourse filing.

 

Dividend Details (2020)

Current Capital

SAR 44.78 bln

Number of shares

44.78 bln

Dividend

SAR 3.582 bln

Percentage of capital

0.8% (SAR 0.80 per share)

Record date

May 6, 2021 (Shareholders registered at the Securities Depository Center (Edaa) on the second day following the general meeting date)

Payment date

May 23, 2021

 

Shareholders approved delegating the board members to pay interim cash dividend for 2021 on a semi-annual or quarterly basis.

 

In addition, they elected the following board members for the three-year term starting from May 15, 2021:

 

1- Saeed Al Ghamdi

2- Ammar Alkhudairy

3- Yazeed Alhumied

4- Saud Al Juhni

5- Ibrahim Almojel

6- Abdulrahman Alodan

7- Rashed Sharif

8- Ziad Tunsi

9- Zaid Al Gwaiz

10- Sheila Alrowaily

11- Abdullah Alrowais

 

Shareholders approved forming the audit committee, with members including Abdul-Rahman Al-Barrak, Khaled Al-Tawil, Ali Al-Ayed, and Abdulaziz Al-Ateeqi.

 

 The bank appointed E&Y and KPMG as external auditors to examine, review and audit the Q1, Q2, Q3 and 2021 financials.

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The Saudi National Bank
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Valuation Data (Latest Share Price)

P/E (TTM) 9.64
P/E Before Unusual Items (TTM) 9.64
P/BV 1.18
Dividend Yield 4.53 %
Market Cap. (M) 198,600.00
Return on Average Assets 1.91 %
Return on Average Equity 12.83 %

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