Ataa Educational approves 10% cash dividend for FY19/20

13/01/2021 Argaam Exclusive

Ataa Educational Co.’s shareholders approved the board’s recommendation on paying cash dividend at 10% of capital, or SAR 1 a share, for FY 2019/20 ended July 31, 2020, during the ordinary general meeting (OGM) held on Jan. 11, 2021.

Dividend Details (FY ended on July 31, 2020)

Current Capital

SAR 400 mln

Number of shares

40 mln

Dividend

SAR 40 mln

Percentage of capital

10% (SAR 1 per share)

Record date

Jan. 11, 2021 and registered shareholders at the Securities Depository Center (Edaa) at the end of the second trading day following the meeting

Payment date

To be announced later

Shareholders also approved SAR 13.2 million business contracts inked with vice chairman, Ahmed AlMuteb (a related party) and board member Farah AlMuteb (a related party).

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66.40
2.70 4.24 %
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Valuation Data (Latest Share Price)

P/E (TTM) 39.44
P/E Before Unusual Items (TTM) 40.71
P/BV 3.56
Dividend Yield 1.53 %
Market Cap. (M) 2,794.78
Return on Average Assets 3.36 %
Return on Average Equity 8.83 %

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