SNB shareholders to vote on 9% cash dividend for H2 2021 on April 17

27/03/2022 Argaam Exclusive

Saudi National Bank (SNB) shareholders are set to vote on the board's recommendation on the distribution of cash dividend at 9% of capital, or SAR 0.90 per share, for H2 2021, during an extraordinary general assembly meeting that will be held on April 17, according to a bourse filing.

 

Dividend Details (H2 2021)

Current Capital

SAR 44.780 bln

Number of shares

4478 mln shares

Dividend  

SAR 4030.2 mln

Issue percentage (%)

9% (equivalent to SAR 0.90 per share)

Record date

April 17, 2022 (for shareholders registered in the company's register at the Securities Depository Center for Trading at the end of the second trading day following the due date).

Payment date

To be announced later

 

Dividend Details (FY 2021)

Dividend

SAR 6940.9 mln

Issue percentage (%)

15.5% (equivalent to SAR 1.55 per share)

 

Shareholders will also vote on authorizing the board of directors to distribute interim dividends for 2022.

 

They will also vote on using 2.85 million shares from surplus treasury shares which resulted from the merger, to be allocated for the first round of incentive program for executive employees.

 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
27/01/2022 17/04/2022 26/04/2022 4,030.20 0.67
09/08/2021 12/08/2021 23/08/2021 2,910.70 0.49
04/04/2021 06/05/2021 23/05/2021 3,582.40 0.89
26/12/2019 31/03/2020 09/04/2020 3,600.00 0.90
29/07/2019 01/08/2019 21/08/2019 3,300.00 0.82
23/12/2018 10/04/2019 24/04/2019 3,288.35 0.82
30/07/2018 02/08/2018 12/08/2018 2,989.41 0.74
31/12/2017 15/05/2018 29/05/2018 1,196.88 0.30
15/06/2017 18/06/2017 06/07/2017 2,196.59 0.55
29/01/2017 07/05/2017 14/05/2017 1,996.90 0.50
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 4.43 36.31 12.21 %
Last 5 Financial years 7.71 27.34 28.19 %
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

35.45
(0.25) (0.70 %)
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Valuation Data (Latest Share Price)

P/E (TTM) 10.64
P/E Before Unusual Items (TTM) 10.64
P/BV 1.29
Dividend Yield 4.53 %
Market Cap. (M) 213,000.00
Return on Average Assets 1.96 %
Return on Average Equity 12.58 %

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