Dallah plans 20% bonus issue, approves 7% dividend for H2 2019

27/02/2020 Argaam Exclusive

Dallah Healthcare Co.’s board of directors recommended a 20% capital hike to SAR 900 million from SAR 750 million through issuance of 1 bonus share for every 5 shares held.

 

The capital hike will be financed through capitalizing statutory reserve and issue premium by SAR 150 million, the company said in a bourse statement.

 

Meanwhile, the board approved a 7% cash dividend, or SAR 0.7 per share, for H2 2019.

 

The bonus issue is pending approval from the competent regulatory authorities and the company’s general assembly, the statement added. 

Details of Capital Hike

Current Capital

SAR 750 mln

Number of shares

75 mln shares

Increase percentage

20%

New Capital

SAR 900 mln

Number of shares after capital hike

SAR 90 mln

Record date

Shareholders registered in Edaa by the end of the second trading day following the general assembly

Capital hike purpose

Support future investments and expansions

Dividend Details

Current Capital

SAR 750 mln

Number of shares

75 mln

Dividend

SAR 52.50 mln

Percentage of capital

7% (SAR 0.70 per share)

Record date

Mar. 22

Payment date

Apr. 5

Dividend Details (FY19)

Total dividend

SAR 90 mln

Percentage of capital (%)

12% (SAR 1.20 per share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
27/02/2020 22/03/2020 05/04/2020 52.50 0.58
12/11/2019 28/11/2019 05/12/2019 37.50 0.42
13/12/2018 20/12/2018 06/01/2019 88.50 0.98
13/12/2017 22/05/2018 11/06/2018 147.50 1.64
23/02/2017 26/04/2017 08/05/2017 118.00 1.31
21/01/2016 02/05/2016 31/05/2016 88.50 0.98
19/02/2015 29/04/2015 08/06/2015 47.20 0.52
19/02/2014 30/04/2014 06/06/2014 70.80 0.79
21/01/2013 21/04/2013 18/05/2013 70.80 0.79
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 3.62 62.47 5.80 %
Last 5 Financial years 5.92 67.84 8.72 %
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

157.40
(2.60) (1.63 %)

Valuation Data (Latest Share Price)

P/E (TTM) 34.65
P/E Before Unusual Items (TTM) 34.65
P/BV 4.56
Dividend Yield 1.16 %
Market Cap. (M) 15,374.83
Return on Average Assets 7.09 %
Return on Average Equity 13.64 %

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