SASCO shareholders to vote on 2% additional cash dividend for 2020 on June 16

11/05/2021 Argaam Exclusive

Shareholders of Saudi Automotive Services Co. (SASCO) approved the board of directors’ recommendation on distributing additional 2% cash dividend for 2020, at SAR 0.2 per share, during the ordinary general meeting (OGM) held on June 16, according to a bourse filing. 

 

Dividend Details

Current Capital

SAR 600 mln

Number of shares

60 mln

Total dividend

SAR 12 mln

Percentage of capital

2% (SAR 0.2 per share)

Record date

June 16, 2021

Payment date

To be determined

 

Dividend (2020)

Total dividend

SAR 36 mln

Percentage of capital

6% (SAR 0.6 per share)

 

Shareholders will also discuss authorizing the board of directors to pay interim dividend on a quarterly or semi-annual basis for 2021.

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Valuation Data (Latest Share Price)

P/E (TTM) 36.44
P/E Before Unusual Items (TTM) More than 100
P/BV 4.17
Dividend Yield 1.68 %
Market Cap. (M) 3,696.00
Return on Average Assets 1.67 %
Return on Average Equity 11.83 %

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