SASCO plans 2% additional cash dividend for 2020

28/03/2021 Argaam Exclusive

Saudi Automotive Services Co.’s (SASCO) board of directors recommended an additional 2% cash dividend for 2020, at SAR 0.2 per share, amounting to SAR 12 million, the company said in a bourse statement.

Dividend Details
Current Capital	SAR 600 mln
Number of shares	60 mln
Dividend	SAR 12 mln
Percentage of capital	2% (SAR 0.2 per share)
Record date	Shareholders registered in the Securities Depository Center (Edaa) at the end of the second trading day following the general assembly, date of which will be announced later.
Payment date	To be determined
Dividend Details (2020)
Dividend	SAR 36 mln
Percentage of capital	6% (SAR 0.6 per share)

The date and method of dividend distribution will be announced later after the approval of the recommendation by the general assembly.

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
28/03/2021	16/06/2021	05/07/2021	12.00	0.17	Exceptional dividends
27/10/2020	03/11/2020	18/11/2020	24.00	0.34	First 9 Months 2020
14/05/2020	22/06/2020	05/07/2020	60.00	0.86	FY-2019
20/03/2019	22/04/2019	02/05/2019	30.00	0.43	The General Assembly approved 5% cash dividend for FY 2018
13/03/2018	22/05/2018	12/06/2018	27.00	0.39	The General Assembly approved 5 % cash dividend FY-2017
29/12/2015	20/04/2016	10/05/2016	27.00	0.39	The General Assembly approved 5 % Cash dividend for FY-2015
27/11/2014	01/12/2014	17/12/2014	33.75	0.48	The General Assembly approved a 7.5% cash dividend for 2H2014
16/07/2014	23/07/2014	14/08/2014	33.75	0.48	The General Assembly approved 7.50% cash dividend for 1H2014
24/02/2014	29/04/2014	25/05/2014	33.75	0.48	The General Assembly approved 7.50% cash dividend for FY2013
14/02/2013	07/05/2013	25/05/2013	22.50	0.32	The General Assembly approved 5% cash dividend for FY2012

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	2.01	14.43	13.96 %
Last 5 Financial years	2.83	15.93	17.75 %
Last 10 Financial years	4.98	9.69	51.44 %

Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	54.51
P/E Before Unusual Items (TTM)	More than 100
P/BV	6.44
Dividend Yield	1.68 %
Market Cap. (M)	5,425.00
Return on Average Assets	1.63 %
Return on Average Equity	11.61 %

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