Amlak International for Real Estate Finance Co.’s shareholders approved the board’s recommendation on paying cash dividend at 7.5%, or SAR 0.75 a share, totaling SAR 67.95 million for the fiscal year 2019, during the extraordinary general meeting (EGM), held on Sept. 30, 2020, according to a bourse filing.
The dividend payment will be within 15 days of the record date.
Amlak shareholders also endorsed amending the company’s articles of association with respect to incorporation, the company name, objectives, share issuance and trading, share buyback, capital increase and decrease, board capacities, board remuneration, authorities of Chairman of the board, Vice Chairman, Managing Director and Secretary, board meetings and decisions, audit committee dividend payment, losses, as well as loans, bonds, sukuk and debt instruments.
|
Cash Dividend Details (FY 2019) |
|
|
Current Capital |
SAR 906 mln |
|
Number of shares |
90.6 mln |
|
Dividend |
SAR 67.95 mln |
|
Percentage of capital |
7.5% (SAR 0.75 per share) |
|
Record date |
Sept, 30 and the shareholders of record at Edaa on the second day following the general assembly meeting |
|
Payment date |
Within 15 days from the record date |
| P/E (TTM) | 36.505 |
| P/E Before Unusual Items (TTM) | 36.505 |
| P/BV | 0.89 |
| Dividend Yield | - |
| Market Cap. (M) | 1,072.25 |
| Return on Average Assets | 0.78 % |
| Return on Average Equity | 2.41 % |
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