Bank Aljazira shareholders to vote on 3% dividends for H2 2019 on April 15

24/03/2020 Argaam Exclusive

Bank Aljazira’s shareholders are set to vote on the board’s recommendation to distribute a 3% cash dividend, or SAR 0.3 per share, for the second half of 2019, during the ordinary general meeting (OGM) that will be held on April 15.

 

Shareholders will be able to participate and vote on agenda items through Tadawulaty services offered by the Securities Depository Center Co. (Edaa).

 

The move is in line with the Capital Market Authority’s (CMA) decision to suspend personal attendance at general meetings to contain the spread of Coronavirus.

 

Dividend Details (H2 2019)

Current Capital

SAR 8.2 bln

Number of shares

820 mln

Dividend*

SAR 246 mln

Percentage of capital

3% (SAR 0.3 per share)

Record date

April 15, 2020 (including those who own shares and are registered at the Securities Depository Center 2 days after this date)

Payment date

To be determined

Dividend for FY 2019

Total dividend

SAR 492 mln

Percentage of capital

6% (SAR 0.6 per share)

*After deducting Zakat for 820 million outstanding shares

 

Shareholders will also vote on the board’s annual report and the financial statements for the fiscal year ended Dec. 31, 2019.

 

Moreover, they will vote on appointing an external auditor among candidates, the statement said.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
26/01/2020 15/04/2020 05/05/2020 246.00 0.24
01/08/2019 04/08/2019 26/08/2019 246.00 0.24
06/01/2019 16/04/2019 05/05/2019 410.00 0.40
08/02/2018 09/05/2018 23/05/2018 262.40 0.37
09/03/2017 10/04/2017 23/04/2017 200.00 0.28
31/12/2011 04/04/2012 14/04/2012 150.00 0.21
07/01/2009 19/04/2009 25/04/2009 150.00 0.21
10/12/2007 16/04/2008 29/04/2008 112.50 0.16
29/10/2006 30/04/2007 05/05/2007 225.00 0.32
12/12/2005 20/06/2006 27/06/2006 45.00 0.06
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 1.25 7.98 15.67 %
Last 5 Financial years 1.53 15.71 9.75 %
Last 10 Financial years 1.74 8.03 21.70 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

16.54
(0.10) (0.60 %)

Valuation Data (Latest Share Price)

P/E (TTM) 13.78
P/E Before Unusual Items (TTM) 14.32
P/BV 1.25
Dividend Yield -
Market Cap. (M) 16,953.50
Return on Average Assets 0.90 %
Return on Average Equity 9.47 %

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