Almarai approves 10% cash dividend for 2020

14/04/2021 Argaam Exclusive

Almarai Co.’s shareholders approved the board recommendation to pay cash dividend at 10% of capital, or SAR 1 per share for 2020, during the extraordinary general meeting (EGM) held on April 13, 2021, the company said in a bourse filing.

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 of record at the end of the second trading day following the due date)
Payment date	April 21, 2021

Shareholders also approved purchasing up to 10 million shares, to be allocated within the Employee Stock Ownership Plan (ESOP), which will be financed by the company’s own resources.

The board of directors was authorized to complete the purchase in one or several tranches over a maximum period of 12 months from the date of EGM.

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	FY 2020
09/12/2019	05/04/2020	13/04/2020	850.00	0.85	FY-2019
10/12/2018	07/04/2019	15/04/2019	850.00	0.85	The General Assembly approved 8.5% cash dividend FY-2018
11/12/2017	09/04/2018	17/04/2018	750.00	0.75	The General Assembly approved 7.5% cash dividend FY-2017
06/12/2016	26/03/2017	04/04/2017	720.00	0.72	The General Assembly approved 9% cash dividend for year 2016
14/12/2015	03/04/2016	12/04/2016	690.00	0.69	The General Assembly approved 11.5% cash dividend for year 2015
28/12/2014	05/04/2015	12/04/2015	600.00	0.60	The General Assembly approved 10% cash dividend for 2014
29/12/2013	02/04/2014	09/04/2014	600.00	0.60	The General Assembly approved 10% cash dividend for FY2013
19/01/2013	02/04/2013	10/04/2013	500.00	0.50	The General Assembly approved 12.50% cash dividend for FY2012
07/12/2011	02/04/2012	11/04/2012	517.50	0.52	The General Assembly approved 22.50% cash dividend for FY2011

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	2.70	53.62	5.04 %
Last 5 Financial years	4.17	47.54	8.77 %
Last 10 Financial years	7.08	25.81	27.42 %

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

Historical Dividends

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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