ANB shareholders approve 4% cash dividend for 2020

31/03/2021 Argaam Exclusive

Arab National Bank's (ANB) shareholders approved the board's recommendation on distributing 4% cash dividend for 2020, at SAR 0.40 per share, during the ordinary general meeting (OGM) held on March 30, 2021, the company said in a bourse statement today, March 31, 2021.

 

Dividend Details

Current Capital

SAR 15 bln

Number of shares

1.5 bln

Dividend

SAR 600 mln

Percentage of capital

4% (SAR 0.40 per share)

Record date

March 30, 2021 (Shareholders registered in the company’s register at the Securities Depository Center (Edaa) at the end of the second trading day following the maturity date)

Payment date

April 12, 2021

 

Shareholders also approved delegating the board of directors with the authorization power vested in the OGM under Paragraph 1 of Article 71 of the Companies Law, for one year, starting from the general meeting's approval date or the end date of the authorized board of directors’ term, whichever occurs earlier.

 

This is in line with the terms cited under the organizational controls and procedures issued in implementation of the Companies Law which deals with publicly listed joint stock companies.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
04/03/2021 30/03/2021 12/04/2021 600.00 0.30
29/12/2019 30/03/2020 13/04/2020 750.00 0.38
04/07/2019 10/07/2019 24/07/2019 750.00 0.38
24/12/2018 27/03/2019 08/04/2019 850.00 0.43
01/07/2018 05/07/2018 19/07/2018 650.00 0.33
21/12/2017 02/04/2018 17/04/2018 650.00 0.33
18/06/2017 02/07/2017 16/07/2017 550.00 0.28
20/12/2016 23/03/2017 06/04/2017 450.00 0.23
26/06/2016 30/06/2016 21/07/2016 450.00 0.23
08/12/2015 24/03/2016 07/04/2016 550.00 0.28
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 1.80 12.50 14.40 %
Last 5 Financial years 2.85 11.79 24.17 %
Last 10 Financial years 4.91 12.30 39.95 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

19.66
(0.24) (1.21 %)

Valuation Data (Latest Share Price)

P/E (TTM) 8.455
P/E Before Unusual Items (TTM) 7.988
P/BV 1.08
Dividend Yield 5.34 %
Market Cap. (M) 39,320.00
Return on Average Assets 2.03 %
Return on Average Equity 13.27 %

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