Zahrat Al Waha shareholders approve 6% cash dividend for 2022

22/05/2023 Argaam Exclusive

Zahrat Al Waha for Trading Co.’s shareholders approved the board’s recommendation to pay a cash dividend at 6%, or SAR 0.6 a share, for 2022, during the extraordinary general meeting (EGM) held on May 21, according to a statement to Tadawul.

 

Dividend Details (2022)

Current Capital

SAR 225 mln

No. of Shares

22.5 mln

Total Dividend

SAR 13.5 mln

Percentage of Capital

6% (SAR 0.6 a share)

Record Date

May 21, 2023 (Shareholders of record registered with the Securities Depository Center
Company (Edaa) at the end of the second trading day following the record date)

Payment Date

June 4, 2023

 

Shareholders approved the other agenda items including authorizing the board of directors to pay an interim dividend for 2023 on a semi-annual or quarterly basis.

 

They also endorsed the business contracts concluded with the related parties, in addition to amending the Articles of Association in line with the New Companies Law.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
02/03/2023 21/05/2023 04/06/2023 13.50 0.60
15/11/2021 09/05/2022 26/05/2022 22.50 1.00
25/02/2021 26/04/2021 01/06/2021 15.00 0.67
27/02/2020 19/04/2020 10/05/2020 11.25 0.50
24/10/2019 21/11/2019 02/12/2019 11.25 0.50
19/03/2019 19/05/2019 13/06/2019 15.00 0.67
27/02/2018 22/04/2018 06/05/2018 15.00 0.67
31/12/2015 - 31/12/2015 15.46 0.69
31/12/2014 - 31/12/2014 8.36 0.37
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

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 2.95 51.00 5.78 %
Last 5 Financial years 4.62 27.33 16.89 %
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 32.72
P/E Before Unusual Items (TTM) 31.24
P/BV 2.60
Dividend Yield 3.65 %
Market Cap. (M) 758.25
Return on Average Assets 4.11 %
Return on Average Equity 7.84 %

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