Banque Saudi Fransi’s (BSF) shareholders are set to vote on a 4% cash dividend at SAR 0.40 a share, for 2020, during the extraordinary general assembly meeting (EGM) that will be held on May 5, 2020.
|
Dividend Details (2020) |
|
|
Current Capital |
SAR 12.054 bln |
|
Number of shares |
1.2054 bln |
|
Dividend |
SAR 479.98 mln |
|
Percentage of capital |
4% (SAR 0.40 per share after deducting Zakat) |
|
Record date |
May 5, 2021 (including those registered at the Securities Depository Center two days after this date, are eligible to receive the dividend) |
|
Payment date |
May 31, 2021 |
Shareholders will also vote on authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2021.
In addition, they will vote on the buyback of 3 million shares at a maximum value of SAR 60 million to allocate them to the Employee Long-Term Incentive Plan. The repurchase will be financed through the bank’s own resources.
Furthermore, shareholders will vote on authorizing the board of directors to complete this process within a period of 12 months from the date of the EGM approval.
The repurchased shares will be retained no longer than 10 years from the date of the EGM approval. Later on, the bank will follow the rules and procedures stipulated in the relevant laws and regulations.
The statement indicated that the plan is part of the current program whose terms were previously defined by the board of directors and approved by the general assembly held on May 1, 2019.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 02/03/2021 | 05/05/2021 | 31/05/2021 | 479.98 | 0.40 | |
| 30/12/2019 | 13/05/2020 | 08/06/2020 | 1,199.68 | 1.00 | |
| 03/07/2019 | 11/07/2019 | 29/07/2019 | 1,199.69 | 1.00 | |
| 27/12/2018 | 01/05/2019 | 16/05/2019 | 959.49 | 0.80 | |
| 01/07/2018 | 10/07/2018 | 25/07/2018 | 1,079.42 | 0.90 | |
| 04/03/2018 | 19/04/2018 | 06/05/2018 | 419.80 | 0.35 | |
| 10/07/2017 | 16/07/2017 | 27/07/2017 | 1,259.30 | 1.04 | |
| 19/01/2017 | 20/04/2017 | 04/05/2017 | 601.10 | 0.50 | |
| 13/07/2016 | 21/07/2016 | 09/08/2016 | 662.95 | 0.55 | |
| 24/12/2015 | 20/04/2016 | 08/05/2016 | 662.95 | 0.55 |
| 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 | 3.89 | 31.10 | 12.50 % |
| Last 5 Financial years | 6.97 | 25.93 | 26.89 % |
| Last 10 Financial years | 10.92 | 25.08 | 43.55 % |
| P/E (TTM) | 8.84 |
| P/E Before Unusual Items (TTM) | 8.84 |
| P/BV | 0.99 |
| Dividend Yield | 4.85 % |
| Market Cap. (M) | 37,608.48 |
| Return on Average Assets | 1.58 % |
| Return on Average Equity | 11.75 % |
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