Tawuniya shareholders to vote on 10% dividend for 2023 on June 23
Shareholders of The Company for Cooperative Insurance (Tawuniya) are set to vote on the board’s recommendation to distribute a 10% cash dividend, at SAR 1 per share, for 2023, during the extraordinary general assembly meeting (EGM) scheduled for June 23.
Dividend Details (2023) |
|
Current capital |
SAR 1.50 bln |
Number of shares |
150 mln |
Total dividend |
SAR 150 mln |
Percentage of capital |
10% (SAR 1 per share) |
Record date |
Shareholders of record by the close of trading on the EGM date and those registered with Edaa on the second trading day following the meeting date. |
Payment date |
To be announced |
In a statement to Tadawul, Tawuniya added that other agenda items include voting on the company’s repurchase of a maximum of 147.44 million shares, to be allocated for the employee stock program. The repurchase process will be funded from the company’s cash.
Shareholders will also vote on authorizing the board to complete the buyback within 12 months maximum from the EGM date.
The company may retain the treasury shares for a maximum period of 10 years from the date of the EGM decision, and after the expiry of this period, the company will follow the procedures stipulated in the relevant laws and regulations.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
14/04/2024 | 23/06/2024 | 07/07/2024 | 150.00 | 1.00 | |
08/05/2023 | 07/06/2023 | 19/06/2023 | 125.00 | 0.83 | |
06/04/2021 | 29/04/2021 | 09/05/2021 | 100.00 | 0.67 | |
15/02/2017 | 21/03/2017 | 27/03/2017 | 500.00 | 3.33 | |
21/02/2016 | 21/03/2016 | 24/03/2016 | 100.00 | 0.67 | |
11/02/2015 | 16/03/2015 | 19/03/2015 | 145.00 | 0.97 | |
06/02/2012 | 12/03/2012 | 17/03/2012 | 262.50 | 1.75 | |
12/02/2011 | 30/03/2011 | 06/04/2011 | 150.00 | 1.00 | |
01/02/2010 | 09/03/2010 | 31/03/2010 | 200.00 | 1.33 | |
07/02/2009 | 10/03/2009 | 26/03/2009 | 100.00 | 0.67 |
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 | 1.83 | 66.00 | 2.78 % |
Last 5 Financial years | 2.50 | 50.25 | 4.98 % |
Last 10 Financial years | 7.47 | 23.20 | 32.19 % |
Valuation Data (Latest Share Price)
P/E (TTM) | 20.63 |
P/E Before Unusual Items (TTM) | 20.63 |
P/BV | 4.53 |
Dividend Yield | 0.77 % |
Market Cap. (M) | 19,470.00 |
Return on Average Assets | 4.78 % |
Return on Average Equity | 24.04 % |
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