Bupa Arabia shareholders approve 34% dividend for 2020

27/06/2021 Argaam Exclusive

Bupa Arabia for Cooperative Insurance Co.’s shareholders approved the board’s recommendation on paying a 34% cash dividend for 2020, at SAR 3.4 per share, during the extraordinary general meeting (EGM) held on June 24.

 

Dividend Details (2020)

Current Capital

SAR 1.2 bln

Number of shares

120 mln

Dividend

SAR 408 mln

Percentage of capital

34% (SAR 3.40 per share)

Record date

June 24 (Shareholders registered at Edaa at the close of the second trading day following this date)

Payment date

July 8, 2021 

 

Shareholders also delegated the board to pay interim dividends on a semi-annual or quarterly basis for 2021.

 

They also approved the repurchase of a maximum of 326,000 shares, at a total amount of SAR 21.24 million, to be allocated within a period of 12 months for the Employees Long Term Incentive Program (LTIP).

 

The process will be financed from the company’s cash. The board was delegated to manage the purchase of shares within a period of 12 months.

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Bupa Arabia for Cooperative Insurance Co.
183.20
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Valuation Data (Latest Share Price)

P/E (TTM) 22.43
P/E Before Unusual Items (TTM) 22.43
P/BV 5.27
Dividend Yield 1.87 %
Market Cap. (M) 27,480.00
Return on Average Assets 8.38 %
Return on Average Equity 25.30 %

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