Bupa Arabia shareholders to vote on 36% dividend for 2022, share buyback on June 22
Bupa Arabia for Cooperative Insurance Co.’s shareholders will vote on the board's recommendation to distribute a 36% cash dividend, or SAR 3.6 per share, for 2022, during an extraordinary general meeting (EGM) scheduled for June 22, according to a Tadawul statement.
Dividend Details (2022) |
|
Current Capital |
SAR 1.50 billion |
Number of Shares |
150 mln |
Total Dividend |
SAR 540 million |
Percentage of Capital |
36% (SAR 3.6 per share) |
Record Date |
June 22, 2023 (Shareholders of record and are registered with Edaa by the close of the second trading day following the EGM date) |
Payment date |
To be announced later |
Shareholders will also vote on buying back 195,000 shares at maximum, which will be allocated for the employee stock program. The share repurchase will be self-financed. The board of directors will be authorized to complete the share buyback process within a period of 12 months at maximum after the EGM date.
The company will maintain the repurchased shares for a period of not more than 10 years from the EGM approval date, until allocating them for entitled employees. Upon the expiry of such a period, the company will follow procedures and controls as stipulated in related laws and regulations.
Other agenda items include voting on authorizing the board of directors to distribute interim dividends quarterly or semi-annually for 2023.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
03/05/2023 | 22/06/2023 | 17/07/2023 | 540.00 | 3.60 | |
06/06/2022 | 30/06/2022 | 20/07/2022 | 540.00 | 3.60 | |
25/04/2021 | 24/06/2021 | 08/07/2021 | 408.00 | 2.72 | |
30/04/2019 | 30/06/2019 | 14/07/2019 | 180.00 | 1.20 | |
17/04/2018 | 31/05/2018 | 11/06/2018 | 160.00 | 1.07 | |
13/03/2017 | 08/05/2017 | 21/05/2017 | 120.00 | 0.80 | |
25/04/2016 | 01/06/2016 | 27/06/2016 | 160.00 | 1.07 | |
23/04/2014 | 05/06/2014 | 25/06/2014 | 20.00 | 0.13 | |
02/03/2013 | 10/04/2013 | 07/05/2013 | 40.00 | 0.27 |
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 | 11.20 | 96.18 | 11.64 % |
Last 5 Financial years | 13.92 | 64.74 | 21.50 % |
Last 10 Financial years | 18.05 | 11.42 | 158.10 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 26.38 |
P/E Before Unusual Items (TTM) | 26.38 |
P/BV | 6.33 |
Dividend Yield | 1.87 % |
Market Cap. (M) | 30,180.00 |
Return on Average Assets | 7.83 % |
Return on Average Equity | 25.37 % |
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