Ataa Educational shareholders to vote on 10% dividend for FY 2020/21 on Nov. 7

17/10/2021 Argaam Exclusive

Shareholders of Ataa Educational Co. are set to vote on the board’s recommendation to distribute a 10% cash dividend, or SAR 1 per share, for the fiscal year (FY) ended July 31, 2021, during the ordinary general meeting (OGM) that will be held on Nov. 7.

 

Dividend Details (FY ended on July 31, 2021)

Current capital

SAR 400 mln

Number of shares

40 mln

Dividend

SAR 40 mln

Percentage of capital

10% (SAR 1 per share)

Record date

Nov. 7 (shareholders registered with Edaa by the close of trading on the second day following the record date)

Payment date

To be announced later

 

Shareholders will also vote on other agenda items, including the election of a new board of directors for the next three-year term starting from Nov. 8, 2021.

 

They will also vote on the formation of a new audit committee, determine their tasks and remuneration for the new three-year term.

 

The audit committee candidates are Abdul-Ilah bin Saleh Al-AlSheikh and Muhammed bin Ali Al-Otayfi (independent members), as well as Abdullah bin Tariq Al-Qasabi (non-executive member).

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
29/09/2021 07/11/2021 21/11/2021 40.00 1.00
26/10/2020 12/01/2021 26/01/2021 40.00 1.00
30/10/2019 21/01/2020 29/01/2020 40.00 1.00
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 3.00 31.90 9.40 %
Last 5 Financial years N/A N/A N/A
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

76.60
(0.40) (0.52 %)

Valuation Data (Latest Share Price)

P/E (TTM) 50.88
P/E Before Unusual Items (TTM) 50.88
P/BV 4.02
Dividend Yield -
Market Cap. (M) 3,224.09
Return on Average Assets 2.98 %
Return on Average Equity 7.98 %

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