Savola Group’s shareholders approved the board’s recommendation to distribute a 3% cash dividend, or SAR 0.30 per share, for the fiscal year 2019, during the extraordinary general meeting (EGM) held on April 29, 2020.
|
Dividend Details (FY 2019) |
|
|
Current Capital |
SAR 5.34 bln |
|
Number of shares |
534 mln |
|
Dividend |
SAR 160.2 mln |
|
Percentage of capital |
3% (SAR 0.3 per share) |
|
Record date |
April 29, 2020 (including those registered at the Securities Depository Center two days after this date) |
|
Payment date |
May 20, 2020 |
Shareholders also approved the buyback of 700,000 shares to be retained as treasury shares under the Employees Long Term Incentive Program (LTIP).
Additionally, they authorized the board of directors to define the terms and policies governing this buyback program.
The board of directors was also authorized to complete the repurchase process in a period of 12 months maximum from the general meeting date.
The buyback will be financed from the company’s internal resources, and the company may retain its treasury shares without selling them or allocating them to its employees as Employees’ Shares Plan for a maximum period of 5 years.
| P/E (TTM) | 30.84 |
| P/E Before Unusual Items (TTM) | 35.27 |
| P/BV | 1.87 |
| Dividend Yield | 0.00 % |
| Market Cap. (M) | 27,510.35 |
| Return on Average Assets | 2.79 % |
| Return on Average Equity | 7.75 % |
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