The Saudi Investment Bank’s (SAIB) board of directors recommended, in a meeting held on Dec. 16, a 33.33% capital hike to SAR 10 billion from SAR 7.5 billion through capitalizing part of the statutory reserve by distributing one-for-three bonus shares, according to a bourse filing.
The board also recommended a 7% cash dividend (SAR 0.70 per share) for 2021, amounting to SAR 525 million, the bank said in separate bourse statements.
|
Key Figures of the Capital Hike |
|
|
Current Capital |
SAR 7.5 bln |
|
Number of Shares |
750 mln |
|
Hike (%) |
33.33% (one share for every three outstanding shares) |
|
New Capital |
SAR 10 bln |
|
New Number of Shares |
1 bln |
|
Record date |
Shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day following the due date, which will be announced later. The cash dividend previously announced will not include bonus shares. |
|
Driver |
Strengthening the company's capital base to increase growth and future expansions |
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Dividend Details (2021) |
|
|
Number of shares |
750 mln |
|
Dividend |
SAR 525 mln |
|
Percentage of capital |
7% (SAR 0.70 per share after Zakat) |
|
Record date |
Shareholders who own shares at the end of the general assembly meeting and are registered with Edaa at the end of second trading day, date of which will be announced later. |
|
Payment date |
To be announced later |
The proposed bonus issue is subject to obtaining necessary approvals from the official authorities and SAIB’s extraordinary general assembly on the capital increase and number of bonus shares.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 22/12/2021 | 01/02/2022 | 10/02/2022 | 525.00 | 0.42 | |
| 04/03/2021 | 21/04/2021 | 02/05/2021 | 270.00 | 0.22 | |
| 14/02/2018 | 24/04/2018 | 01/05/2018 | 450.00 | 0.36 | |
| 06/12/2016 | 17/04/2017 | 20/04/2017 | 350.00 | 0.28 | |
| 13/12/2015 | 04/04/2016 | 07/04/2016 | 487.50 | 0.39 | |
| 04/12/2014 | 08/03/2015 | 10/03/2015 | 480.00 | 0.38 | |
| 19/12/2013 | 01/04/2014 | 06/04/2014 | 440.00 | 0.35 | |
| 17/12/2012 | 11/03/2013 | 16/03/2013 | 385.00 | 0.31 | |
| 02/01/2012 | 18/03/2012 | 25/03/2012 | 275.00 | 0.22 | |
| 27/11/2005 | 06/03/2006 | 14/03/2006 | 103.14 | 0.08 |
| 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 | 0.64 | 10.29 | 6.18 % |
| Last 5 Financial years | 1.00 | 8.49 | 11.73 % |
| Last 10 Financial years | 2.71 | 7.61 | 35.60 % |
| P/E (TTM) | 9.17 |
| P/E Before Unusual Items (TTM) | 9.17 |
| P/BV | 1.13 |
| Dividend Yield | 5.33 % |
| Market Cap. (M) | 17,375.00 |
| Return on Average Assets | 1.35 % |
| Return on Average Equity | 12.99 % |
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