Almarai shareholders to vote on 10% dividend for 2020 on April 13

22/03/2021 Argaam Exclusive

Almarai Co.’s shareholders are set to vote on a board recommendation to distribute a 10% cash dividend for 2020, at SAR 1 per share, during the extraordinary general assembly meeting that will be held on April 13, 2021, the company said in a bourse statement today, March 22, 2021.

Dividend Details (2020)

Current Capital

SAR 10 bln

Number of shares

1 bln

Dividend

SAR 1 bln

Percentage of capital

10% (SAR 1 per share)

Record date

April 13, 2021 (Shareholders registered with the Securities Depository Center at the end of the second trading day following the due date)

Payment date

To be determined

 

Shareholders will also vote on purchasing up to 10 million shares and to allocate them within the Employee Share Participation Scheme (ESOP), which will be financed by the company’s own resources.

 

They will authorize the board of directors to complete the purchase in one or several tranches over a maximum period of 12 months from the date of EGM and authorize the board to determine the conditions of this program, including allocation price for each share offered to designated employees and to be kept no longer than 10 years from the date of approval.

 

Shareholders will e-vote on the agenda items as of April 11, 2021, through the Tadawulaty service.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
15/12/2020 13/04/2021 21/04/2021 1,000.00 1.00
09/12/2019 05/04/2020 13/04/2020 850.00 0.85
10/12/2018 07/04/2019 15/04/2019 850.00 0.85
11/12/2017 09/04/2018 17/04/2018 750.00 0.75
06/12/2016 26/03/2017 04/04/2017 720.00 0.72
14/12/2015 03/04/2016 12/04/2016 690.00 0.69
28/12/2014 05/04/2015 12/04/2015 600.00 0.60
29/12/2013 02/04/2014 09/04/2014 600.00 0.60
19/01/2013 02/04/2013 10/04/2013 500.00 0.50
07/12/2011 02/04/2012 11/04/2012 517.50 0.52
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 2.85 48.00 5.94 %
Last 5 Financial years 4.45 54.79 8.12 %
Last 10 Financial years 7.56 22.65 33.38 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

52.70
(0.20) (0.38 %)

Valuation Data (Latest Share Price)

P/E (TTM) 23.39
P/E Before Unusual Items (TTM) 23.39
P/BV 2.84
Dividend Yield 1.79 %
Market Cap. (M) 52,700.00
Return on Average Assets 6.32 %
Return on Average Equity 12.50 %

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