Elm shareholders to vote on 30% cash dividend for 2021 on May 9

05/04/2022 Argaam Exclusive

Elm Co.’s shareholders will vote on the board’s recommendation to pay a cash dividend at 30% of capital, or SAR 3 a share, for 2021, during the ordinary general meeting (OGM), slated for May 9, according to a bourse filing.

 

Shareholders will also vote on authorizing the board of directors to pay interim dividend on a semi-annual or quarterly basis for 2022.

 

Cash Dividend Details – 2021

Current Capital

SAR 800 mln

Number of Shares

77.60 mln

Total Dividend

SAR 232.80 mln

Payment Ratio

30% (SAR 3 a share)

Record Date

May 9, 2022

Payment Date

To be determined later

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1,062.20
(37.80) (3.44 %)

Valuation Data (Latest Share Price)

P/E (TTM) 51.31
P/E Before Unusual Items (TTM) 51.31
P/BV 17.77
Dividend Yield 0.83 %
Market Cap. (M) 84,976.00
Return on Average Assets 20.55 %
Return on Average Equity 39.36 %

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