Ataa Educational shareholders approve 10% cash dividend for 2020/21

08/11/2021 Argaam Exclusive

Ataa Educational Co.’s shareholders approved the board’s recommendation on paying a cash dividend at 10% of capital, or SAR 1 a share, for the fiscal year that ended on July 31, 2021, during the ordinary general meeting (OGM) held on Nov. 7, according to a bourse filing.

 

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 of record on the second day following the record date)

Payment date

To be announced later

 

Shareholders also elected new board members for the next three-year term starting from Nov. 8, 2021.

 

The board members are Tariq bin Othman Al-Qasabi, Ahmed bin Nasser Al-Mutib, Thunayan bin Suleiman Al-Thunayan, Abdulaziz bin Saeed Alamri, and Othman bin Tariq Al-Qasabi as non-executive members; Mohammed bin Ali Al-Otayfi, AbdulIlah bin Saleh Al-Alsheikh, and Abdurrahman bin Mohammed Al-Barrak as independent members; and Farah bint Ahmed Al-Mutib as an executive member.

 

They also ratified the formation of a new audit committee, determined their tasks and remuneration for the same term.

 

The members are AbdulIlah bin Saleh Al-AlSheikh and Mohammed bin Ali Al-Otayfi as independent, and Abdullah bin Tariq Al-Qasabi as non-executive.

 

Shareholders also approved the rest of the items on the agenda.

 

The dividend will be transferred to shareholders' accounts that are linked to their investment portfolios with local banks, as of Sunday, Nov. 21.  

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

79.20
(1.00) (1.25 %)

Valuation Data (Latest Share Price)

P/E (TTM) 52.60
P/E Before Unusual Items (TTM) 52.60
P/BV 4.16
Dividend Yield -
Market Cap. (M) 3,333.53
Return on Average Assets 2.98 %
Return on Average Equity 7.98 %

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