Taiba board recommends 40% exceptional dividend for 2021 on partial stake sale in SABIC Agri-Nutrients

15/11/2021 Argaam Exclusive

Taiba Investments Co.’s board of directors recommended a special dividend at 40% of capital for the fiscal year 2021 on the partial sale of the company’s stake in SABIC Agri-Nutrients Co.

 

The recommendation was based on the proceeds received from the partial stake sale, Taiba said in a statement to Tadawul.

 

Special Dividend Details (FY2021)

Current Capital

SAR 1.604 bln

Number of Shares

160.46 mln

Total Dividend

SAR 641.83 mln

Percentage of Capital

40% (SAR 4 per share)

Record Date

Nov. 21, 2021 (shareholders registered in Securities Depository Center Co. (Edaa) by the close of trading on the second trading day following the record date)

Payment Date

To be set later

 

According to the data compiled by Argaam, Taiba owns 7.94 million shares in SABIC Agri-Nutrients, or 1.91% of the company's total shares. 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
15/11/2021 21/11/2021 05/12/2021 641.83 4.00
17/12/2020 29/03/2021 15/04/2021 80.23 0.50
16/07/2020 06/08/2020 20/08/2020 80.23 0.50
27/02/2020 25/03/2020 09/04/2020 72.21 0.45
13/11/2019 13/11/2019 28/11/2019 72.21 0.45
04/08/2019 06/08/2019 26/08/2019 72.21 0.45
12/06/2019 16/06/2019 30/06/2019 72.21 0.48
07/03/2019 09/04/2019 18/04/2019 75.00 0.50
05/11/2018 07/11/2018 15/11/2018 75.00 0.50
02/08/2018 07/08/2018 27/08/2018 60.00 0.40
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 6.80 30.30 22.44 %
Last 5 Financial years 10.20 40.46 25.21 %
Last 10 Financial years 19.50 18.95 102.90 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Taiba Investments Co.
38.60
(0.70) (1.78 %)

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Valuation Data (Latest Share Price)

P/E (TTM) 44.97
P/E Before Unusual Items (TTM) 30.68
P/BV 1.50
Dividend Yield 2.43 %
Market Cap. (M) 10,053.76
Return on Average Assets 3.09 %
Return on Average Equity 4.20 %

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