SAIB board recommends 4% dividend for 2020

04/03/2021 Argaam Exclusive

Saudi Investment Bank’s (SAIB) board of directors recommended, on March 3, 2021, a 4% cash dividend for 2020, at SAR 0.40 per share after deducting Zakat, amounting to SAR 270 million.

 

Dividend Details (2020)

Current Capital

SAR 7.5 bln

Number of shares

750 mln

Number of eligible shares for dividend

657 mln

Dividend

SAR 270 mln

Percentage of capital

4% (SAR 0.40 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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13.90
(0.04) (0.29 %)

Valuation Data (Latest Share Price)

P/E (TTM) 9.17
P/E Before Unusual Items (TTM) 9.17
P/BV 1.13
Dividend Yield 5.33 %
Market Cap. (M) 17,375.00
Return on Average Assets 1.35 %
Return on Average Equity 12.99 %

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