Alinma Bank shareholders approve 3% cash dividend for 2020

08/04/2021 Argaam Exclusive

Alinma Bank’s shareholders approved the board’s recommendation on distributing a 3% cash dividend, or SAR 0.30 per share after deducting Zakat, for 2020, during the extraordinary general meeting held yesterday, 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) by the close of the second trading day following the general assembly meeting, date of which will be announced later).

Payment date

April 21, 2021

 

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

 

They also formed the bank’s Sharia committee for the next three-year term ending on April 6, 2024.

 

The new board will comprise Abdul Rahman bin Saleh Al Atram (Chairman) as well as Abdullah Alsheikh, Sulaiman Al Turkey and Yousef Al Shibaili as members.

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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