SABB shareholders to vote on 6% dividend for H2 2019 on April 22

30/03/2020 Argaam Exclusive

The Saudi British Bank’s (SABB) shareholders are set to vote on the board’s recommendation to distribute a 6% cash dividend, or SAR 0.6 per share, for the second half of 2019, during the ordinary general meeting (OGM) that will be held on April 22, 2020.

 

Shareholders will be able to participate and vote on agenda items through Tadawulaty services offered by the Securities Depository Center Co. (Edaa), 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 20.547 bln

Number of shares

2.054 bln

Dividend

SAR 1.234 bln

Percentage of capital

6% (SAR 0.6 per share)

Record date

April 22, 2020 

Payment date

May 05, 2020

 

Total Dividends (FY 2019)

Total dividends

SAR 2.419 bln

Percentage of capital

12% (SAR 1.2 per share)

 

Shareholders will also vote on the financial results, as well as the board and auditor’s reports for the fiscal year (FY) ended Dec. 31, 2019.

 

In addition, they will vote on appointing an auditor, discharging board members from liabilities for FY 2019, in addition to a board remuneration of SAR 4.113 million for 2019.

 

Shareholders will further vote on authorizing the board of directors to distribute interim dividends on a quarterly or semi-annual basis for 2020, the statement noted.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
01/01/2020 22/04/2020 05/05/2020 1,234.00 0.60
05/08/2019 19/08/2019 02/09/2019 1,185.00 0.58
27/12/2018 01/04/2019 10/04/2019 1,500.00 1.00
24/07/2018 02/08/2018 16/08/2018 1,440.00 0.96
24/12/2017 28/03/2018 08/04/2018 1,065.00 0.71
20/07/2017 03/08/2017 17/08/2017 1,065.00 0.71
27/12/2016 25/04/2017 04/05/2017 525.00 0.35
07/08/2016 18/08/2016 01/09/2016 525.00 0.35
27/12/2015 29/03/2016 05/04/2016 525.00 0.35
09/07/2015 15/07/2015 12/08/2015 600.00 0.40
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 4.56 25.19 18.09 %
Last 5 Financial years 6.01 39.33 15.27 %
Last 10 Financial years 8.65 22.01 39.31 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

31.50
(0.20) (0.63 %)

Valuation Data (Latest Share Price)

P/E (TTM) 8.30
P/E Before Unusual Items (TTM) 8.30
P/BV 1.08
Dividend Yield 4.91 %
Market Cap. (M) 64,726.20
Return on Average Assets 2.12 %
Return on Average Equity 13.48 %

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