Yansab approves 17.5% dividend for H2 2019, elects board members

16/03/2020 Argaam Exclusive

Yanbu National Petrochemical Co.’s (Yansab) shareholders approved a 17.5% cash dividend for the second half of 2019, at SAR 1.75 per share, amounting to SAR 984.38 million, during the general assembly meeting held on March 15.

 

 Shareholders have also elected members of the board of directors for the upcoming three-year term starting on March 16, 2020.

 

The new board includes Abdulrahman Abu Bakr (chairman and representative for SABIC), Majid Abdulelah Nur Al Din (vice chairman and representative for SABIC), Faisal M. Al Baher (representative for SABIC), Sameeh Al Sahafi (representative for SABIC), Ibrahim bin Mohamed Al Saif (independent member), Ahmad A. Al Meghames (independent member) and Khalid bin Ibrahim Al Rabiah (independent member).

 

In addition, shareholders delegated the company’s board of directors to distribute cash dividend for the fiscal year 2020 on a quarterly of semi-annual basis.

Dividend Details (H2 2019)

Current Capital

SAR 5.625 bln

Number of shares

562.5 mln

Dividend

SAR 984.38 mln

Percentage of capital

17.5% (SAR 1.75 per share)

Record date

The second day following general meeting on March 15 (end of day)

Payment date

April 1, 2020

Dividend Details (FY 2019)

Dividend

SAR 1.969 bln

Percentage of capital

35% (SAR 3.5 per share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
25/12/2019 15/03/2020 01/04/2020 984.38 1.75
12/05/2019 02/07/2019 16/07/2019 984.38 1.75
20/12/2018 04/04/2019 18/04/2019 1,125.00 2.00
27/05/2018 02/07/2018 16/07/2018 984.37 1.75
28/12/2017 02/04/2018 16/04/2018 984.37 1.75
07/06/2017 02/07/2017 13/07/2017 843.75 1.50
22/12/2016 14/03/2017 28/03/2017 843.75 1.50
30/05/2016 15/06/2016 30/06/2016 843.75 1.50
24/12/2015 31/03/2016 14/04/2016 562.50 1.00
09/06/2015 25/06/2015 13/07/2015 562.50 1.00
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 9.75 59.00 16.53 %
Last 5 Financial years 16.00 32.45 49.31 %
Last 10 Financial years 24.00 47.80 50.21 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 44.50
P/E Before Unusual Items (TTM) 44.50
P/BV 1.79
Dividend Yield 4.60 %
Market Cap. (M) 21,065.63
Return on Average Assets 3.31 %
Return on Average Equity 3.92 %

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