National Co. for Learning and Education’s (NCLE) shareholders approved the board’s recommendation to distribute 8% cash dividend, at SAR 0.80 per share, for the fiscal year ending Aug. 31, 2020, during the ordinary general meeting (OGM) held Jan. 13, according to a bourse filing on Thursday.
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Dividend Details |
|
|
Current Capital |
SAR 430 mln |
|
Number of shares |
43 mln |
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Dividend |
SAR 34.4 mln |
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Percentage of capital |
8% (SAR 0.8 per share) |
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Record date |
Jan. 13, 2021 (Including shareholders registered at the Security Depository Center (Edaa) by the end of the second trading day following the assembly) |
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Payment date |
Jan. 24, 2021 |
Shareholders also authorized the board of directors to distribute interim dividends on a semi-annual and quarterly basis for the fiscal year ending Aug. 31, 2021.
Moreover, shareholders approved electing the following board members for the three-year term, starting Feb. 28, 2021.
-Khalid bin Mohammed bin Ibrahim Al Khudair
-Ibrahim bin Abdulrahman Al-Derea
-Abdul Aziz Hamoud Al-Thiab
-Abdul Aziz Mohammed Al Swailem
-Saad bin Abdulaziz Al -Hoqail
-Nawal bin Mohammed Al-Ghunaiman (representative of the Public Pension Agency)
They also approved the formation of the audit committee, its duties, and members’ remuneration, and they are:
-Mohammed Bin Farhan Bin Nader
-Khaled Bin Saad Al Sabti
-Abdul Aziz Mohammed Al Swailem
| P/E (TTM) | 59.77 |
| P/E Before Unusual Items (TTM) | 59.77 |
| P/BV | 11.89 |
| Dividend Yield | 0.96 % |
| Market Cap. (M) | 9,434.20 |
| Return on Average Assets | 11.99 % |
| Return on Average Equity | 21.07 % |
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