Sipchem board declares 15% cash dividend for H2 2021

15/12/2021 Argaam Exclusive

The board of directors of Sahara International Petrochemical Co. (Sipchem) declared today, Dec. 14, the distribution of a cash dividend at SAR 1.5 per share, or 15% of the capital, for the second half of 2021, according to a bourse filing

Dividend Details (H2 2021)
Current Capital	SAR 7.33 bln
Number of shares*	733.33 mln
Dividend	SAR 1.09 bln
Percentage of capital	15% (SAR 1.5 per share)
Record date	Dec. 20, 2021 (Shareholders registered with Edaa by the end of second trading day following the due date).
Payment date	Dec. 30, 2021
Dividend Details (2021)
Dividend	SAR 1.640 bln
Percentage of capital	22.5% (SAR 2.5 per share)

* The number of eligible shares is 727.16 mln

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
15/12/2021	20/12/2021	30/12/2021	1,090.74	1.49	H2 _ 2021
23/06/2021	30/06/2021	14/07/2021	550.00	0.75	H1 - 2021
15/12/2020	24/12/2020	06/01/2021	366.67	0.50	FY 2020
26/09/2019	02/10/2019	16/10/2019	440.00	0.60	H1-2019
24/12/2018	01/01/2019	15/01/2019	238.33	0.65	The General Assembly approved 6.5% cash dividend for H2-2018
26/07/2018	01/08/2018	15/08/2018	183.33	0.50	The General Assembly approved 5% cash dividend for H1-2018
20/12/2017	01/04/2018	15/04/2018	183.33	0.50	The General Assembly approved 5% cash dividend FY-2017
29/06/2015	05/07/2015	09/07/2015	220.00	0.60	The General assembly approved 6% cash dividend for H1-2015
30/11/2014	31/03/2015	09/04/2015	238.33	0.65	The General Assembly approved 6.5% cash dividend for H2 2014
29/06/2014	06/07/2014	17/07/2014	220.00	0.60	The General Assembly approved 6% cash dividend for H1 2014

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	3.34	20.00	16.69 %
Last 5 Financial years	4.99	18.84	26.47 %
Last 10 Financial years	9.34	19.55	47.76 %

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

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	31.81
P/E Before Unusual Items (TTM)	57.80
P/BV	1.15
Dividend Yield	5.81 %
Market Cap. (M)	17,966.59
Return on Average Assets	2.53 %
Return on Average Equity	3.58 %

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