SABB approves 6% dividend for H2 2019

23/04/2020 Argaam Exclusive

Shareholders of Saudi British Bank (SABB) approved a 6% cash dividend for H2 2019, at SAR 0.6 per share, totaling SAR 1.23 billion during the general meeting held on April 22, the bank said in a statement to Tadawul on Thursday.

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 (Shareholders of record at Edaa by the close of trading on the second trading day following the eligibility date of April 26)

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 also authorized the board of directors to distribute dividend for the fiscal year 2020 on a quarterly or semi-annual basis.

 

They also approved financial statements, as well as the board and audit reports for fiscal year 2019. 

 

A board remuneration of SAR 4.11 million for the same fiscal year was also endorsed, and an external auditor was appointed for FY20.

 

Board members were also discharged from liabilities for FY19, the statement added.

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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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