Taiba shareholders to vote on 5% dividend for H2 2020 on March 29

08/03/2021 Argaam Exclusive

Taiba Investments Co.’s (Taiba) shareholders are set to vote on a board recommendation to distribute a 5% cash dividend, or SAR 0.5 per share, for the second half of 2020, during the general assembly meeting that will be held on March 29, 2021.

 

Moreover, the assembly will vote on authorizing the board to distribute interim cash dividends on a semi-annual or quarterly basis for the fiscal year 2021.

Dividend Details (H2 2020)

Current Capital

SAR 1.6046 bln

Number of shares

160.46 mln

Dividend

SAR 80.23 mln

Percentage of capital

5% (SAR 0.5 per share)

Record date

March 29, 2021

Payment date

To be determined

Dividend Details (FY2020)

Dividend

SAR 160.46 mln

Percentage of capital

10% (SAR 1 per share)

 

The general assembly will also endorse the financial results, board and audit reports for the fiscal year (FY) ended Dec. 31, 2020.

 

Shareholders will vote on hiring an auditor from among nominees, discharging board members from liabilities during FY2020, in addition to a board remuneration of SAR 2.7 million for the previous fiscal year.

 

Kindly, you can view the full report by subscribing to the and the report contains details, historical information, and charts

39.30
(0.20) (0.51 %)

Valuation Data (Latest Share Price)

P/E (TTM) 45.79
P/E Before Unusual Items (TTM) 31.24
P/BV 1.53
Dividend Yield 2.43 %
Market Cap. (M) 10,236.08
Return on Average Assets 3.09 %
Return on Average Equity 4.20 %

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