Zahrat Al Waha shareholders to vote on 10% cash dividend for 2020 on April 26

18/03/2021 Argaam Exclusive

Zahrat Al Waha Trading Co. shareholders are set to vote on the board's recommendation on the distribution of a 10% cash dividend, or SAR 1 per share, for 2020, during the ordinary general assembly meeting that will be held on April 26, 2021, according to a bourse filing.

 

Dividend Details (2020)

Current Capital

SAR 150 mln

Number of shares

15 mln

Dividend

SAR 15 mln

Percentage of capital

10 % (SAR 1 per share)

Record date

April 26, 2021 (shareholders registered in the company's shareholders register at the Securities Depository Center for trading at the end of the second trading day following the due date).

Payment date

To be announced later

 

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

 

The general assembly will vote on the business and contracts that will be concluded between the company and Hana Food Industries Co., in which board member Ahmed Hammoud Ibrahim Altheyab has a direct and indirect interest.

 

The transaction will be a contract for the sale of finished goods represented in PET preform, HDPE closure of different sizes and weights and bottle prints (labels), sale and purchase of raw materials and packaging for one year, without discrimination or preferential conditions, amounting to SAR 80 million.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
25/02/2021 26/04/2021 01/06/2021 15.00 0.67
27/02/2020 19/04/2020 10/05/2020 11.25 0.50
24/10/2019 21/11/2019 02/12/2019 11.25 0.50
19/03/2019 19/05/2019 13/06/2019 15.00 0.67
27/02/2018 22/04/2018 06/05/2018 15.00 0.67
31/12/2015 - 31/12/2015 15.46 0.69
31/12/2014 - 31/12/2014 8.36 0.37
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 2.33 32.62 7.15 %
Last 5 Financial years N/A N/A N/A
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 32.72
P/E Before Unusual Items (TTM) 31.24
P/BV 2.60
Dividend Yield 3.65 %
Market Cap. (M) 758.25
Return on Average Assets 4.11 %
Return on Average Equity 7.84 %

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