Alkhaleej Training shareholders approve 2.5% cash dividend for 2020

Alkhaleej Training and Education Co.’s shareholders approved the board’s recommendation of a 2.5% cash dividend for 2020, at SAR 0.25 per share, amounting to SAR 11.25 million, during the ordinary general meeting (OGM) held on May 25, 2021.

Dividend Details (2020)
Current Capital	SAR 450 mln
Number of shares	45 mln
Dividend	SAR 11.25 mln
Percentage of capital	2.5% (SAR 0.25 per share)
Record date	May 25, 2021 (Shareholders registered at the Securities Depository Center at the end of second trading day following the OGM)
Payment date	June 13, 2021

Shareholders also approved the auditor and board reports, as well as the financial statements for 2020. In addition, they gave nod to the disbursement of SAR 900,000 as a bonus to the board members for the last year.

Shareholders approved delegating the authority of the OGM to the board of directors for a period of one year until the end of the term of the authorized board, whichever is earlier, in accordance with the conditions mentioned in the regulations and regulatory procedures issued in implementation of the Companies Law for listed companies.

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Valuation Data (Latest Share Price)

P/E (TTM)	69.06
P/E Before Unusual Items (TTM)	NEG
P/BV	3.45
Dividend Yield	0.00 %
Market Cap. (M)	1,891.50
Return on Average Assets	1.33 %
Return on Average Equity	5.08 %

Alkhaleej Training shareholders approve 2.5% cash dividend for 2020

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