Bahri plans 10% dividend for H1 2020

21/09/2020 Argaam Exclusive

National Shipping Co. of Saudi Arabia (Bahri) board of directors recommended a 10% cash dividend for the first half of 2020, at SAR 1 per share, amounting to SAR 393.75 million, the company said in a bourse statement.

 

Earlier today, the company’s board of directors declared the dividend distribution policy for the fiscal years 2020, 2021 and 2022, Argaam reported.

 

Dividend Details (H1 2020)

Current Capital

SAR 3.9375 bln

Number of shares

393.75 mln

Dividend

SAR 393.75 mln

Percentage of capital

10% (equivalent to SAR 1 per share)

Record date

Oct. 5, 2020 (including those registered at the Securities Depository Center two days after this date)

Payment date

Oct. 22, 2020

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Valuation Data (Latest Share Price)

P/E (TTM) 9.88
P/E Before Unusual Items (TTM) 11.65
P/BV 1.58
Dividend Yield 2.49 %
Market Cap. (M) 20,708.75
Return on Average Assets 8.65 %
Return on Average Equity 17.06 %

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