Alinma Bank shareholders to vote on 3% dividend for 2020 on April 7

14/03/2021 Argaam Exclusive

Alinma Bank’s shareholders are set to vote on the board’s proposal for distributing a 3% cash dividend, or SAR 0.30 per share after deducting Zakat, for 2020, during the extraordinary general meeting on April 7, 2021.

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

April 7, 2021 (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

April 21, 2021

The general assembly will also endorse the financial results, the board, and auditor’s reports for the fiscal year (FY) 2020.

 

Shareholders will vote on appointing an auditor from among nominees, discharging board members from liabilities during FY 2020, in addition to a board remuneration of SAR 6.5 million for the previous fiscal year.

 

They will also vote on authorizing the board of directors to distribute interim dividends on a semi-annual basis for 2021.

 

Shareholders will endorse on the formation of the bank’s Sharia committee for the next three-year term starting on April 7, 2021, as follows:

 

1- Abdul Rahman Bin Saleh Al Atram (Chairman).

 

2- Abdullah Bin Wiakayyil Alsheikh (member).

 

3- Sulaiman Bin Turkey Al Turkey (member).

 

4- Yousef Bin Abdullah Al Shubaili (member)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
03/03/2021 07/04/2021 21/04/2021 596.12 0.24
02/12/2018 26/03/2019 10/04/2019 1,489.97 0.60
13/12/2017 10/04/2018 25/04/2018 1,191.96 0.48
20/12/2016 06/04/2017 19/04/2017 745.00 0.30
21/12/2015 28/03/2016 14/04/2016 745.00 0.30
25/12/2014 16/03/2015 29/03/2015 745.00 0.30
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

Dividend History

Consolidated cash dividend Cash dividend per share (SAR) * The stock price at the beginning of the period (SAR) Return on the base price
Last 3 Financial years 0.83 11.44 7.29 %
Last 5 Financial years 1.61 8.95 17.98 %
Last 10 Financial years 2.21 6.33 34.84 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

28.25
0.15 0.53 %

Valuation Data (Latest Share Price)

P/E (TTM) 12.56
P/E Before Unusual Items (TTM) 12.56
P/BV 2.18
Dividend Yield 2.19 %
Market Cap. (M) 70,625.00
Return on Average Assets 2.25 %
Return on Average Equity 18.48 %

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