Alinma Bank board recommends 3% dividend for 2020

03/03/2021 Argaam Exclusive

Alinma Bank’s board of directors recommended, on March 2, 2021, a 3% cash dividend for 2020, at SAR 0.30 per share after deducting Zakat, amounting to SAR 596.12 million.

Dividend Details (2020)

Current Capital

SAR 20 bln

Number of shares

2 bln

Number of eligible shares

for dividend

1.987 bln

Dividend

SAR 596.12 mln

Percentage of capital

3% (SAR 0.30 per share after deducting Zakat)

Record date

Shareholders registered with the Securities Depository Centre (Edaa) at the end of second trading day following the general assembly meeting, date of which will be announced later.

Payment date

To be determined

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28.05
0.40 1.45 %

Valuation Data (Latest Share Price)

P/E (TTM) 12.49
P/E Before Unusual Items (TTM) 12.49
P/BV 2.17
Dividend Yield 2.19 %
Market Cap. (M) 70,250.00
Return on Average Assets 2.25 %
Return on Average Equity 18.48 %

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