Almarai shareholders approve 10% dividend for 2022, 10 mln shares buyback
Almarai Co.’s shareholders approved a 10% cash dividend, or SAR 1 per share, for 2022, during the extraordinary general meeting (EGM) held on April 11, according to a statement to Tadawul.
Dividend Details (2022) |
|
Current capital |
SAR 10 bln |
Number of shares |
1 bln |
Dividend |
SAR 1 bln |
Percentage of capital |
10% (SAR 1 per share) |
Record date |
April 11, 2023, including shareholders registered with Edaa by the end of the second trading day following this date |
Payment date |
April 17, 2023 |
Meanwhile, shareholders ratified up to 10 million shares buyback to allocate to employee incentive program. The process will be financed from the company’s internal resources.
Moreover, Almarai’s shareholders authorized the board of directors or whoever it delegates to complete the shares buyback process within a maximum period of 12 months from the EGM date.
The company will maintain the repurchased shares for a period not exceeding seven years from the EGM approval date, until they are allocated to eligible employees.
In addition, shareholders approved contracts and business that took place between the company and related parties during 2022.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
20/12/2022 | 11/04/2023 | 17/04/2023 | 1,000.00 | 1.00 | |
16/12/2021 | 12/04/2022 | 20/04/2022 | 1,000.00 | 1.00 | |
15/12/2020 | 13/04/2021 | 21/04/2021 | 1,000.00 | 1.00 | |
09/12/2019 | 05/04/2020 | 13/04/2020 | 850.00 | 0.85 | |
10/12/2018 | 07/04/2019 | 15/04/2019 | 850.00 | 0.85 | |
11/12/2017 | 09/04/2018 | 17/04/2018 | 750.00 | 0.75 | |
06/12/2016 | 26/03/2017 | 04/04/2017 | 720.00 | 0.72 | |
14/12/2015 | 03/04/2016 | 12/04/2016 | 690.00 | 0.69 | |
28/12/2014 | 05/04/2015 | 12/04/2015 | 600.00 | 0.60 | |
29/12/2013 | 02/04/2014 | 09/04/2014 | 600.00 | 0.60 |
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 | 3.00 | 54.00 | 5.56 % |
Last 5 Financial years | 4.85 | 48.00 | 10.10 % |
Last 10 Financial years | 8.46 | 31.88 | 26.54 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 23.39 |
P/E Before Unusual Items (TTM) | 23.39 |
P/BV | 2.84 |
Dividend Yield | 1.79 % |
Market Cap. (M) | 52,700.00 |
Return on Average Assets | 6.32 % |
Return on Average Equity | 12.50 % |
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