Alinma Bank shareholders approve 4% cash dividend for H2 2021

14/04/2022 Argaam Exclusive

Alinma Bank shareholders approved, on April 13, the board of directors’ recommendation on the payout of a 4% cash dividend, or SAR 0.40 per share, for the second half of 2021.

 

Dividend Details (H2 2021) 

Current Capital 

SAR 20 bln 

Number of Shares 

2 bln 

Number of Shares 
Eligible for Dividend 

1.987 bln 

Dividend 

SAR 795.13 mln 

Percentage of Capital 

4% (SAR 0.40 per share after deducting Zakat) 

Record Date 

April 13, 2022

Payment Date 

April 25, 2022

 

Total Dividend (2021) 

Total Dividend 

   SAR 1.490 bln 

Percentage of Capital  

   7.5% (SAR 0.75 per share) 

 

The board of directors was authorized to distribute interim dividends on a semi-annual or quarterly basis.

 

Moreover, the shareholders elected a new board for the new three-year term starting from May 21, 2022. The new board comprises nine members, including Abdulmalek bin Abdullah Al-Hogail as Chairman, Hamad Albazai as Vice Chairman, Abdulmohsen AlFares, Mohammed Bindayel, Abdulmuhsin Al-Hussein, Mutlaq AlMorished, Abdulrahman Addas, Saud Alnimir and Haitham Alshaikhmubarak.

 

They also approved the audit committee formation, work controls and remuneration for the same three-year term. It comprises Saad Alrwita, Abdulrahman Addas and Maher Alaiyadhi (independent members).

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
30/12/2021 13/04/2022 25/04/2022 795.13 0.32
01/08/2021 08/08/2021 22/08/2021 695.74 0.28
03/03/2021 07/04/2021 21/04/2021 596.12 0.24
02/12/2018 26/03/2019 10/04/2019 1,489.97 0.60
13/12/2017 10/04/2018 25/04/2018 1,191.96 0.48
20/12/2016 06/04/2017 19/04/2017 745.00 0.30
21/12/2015 28/03/2016 14/04/2016 745.00 0.30
25/12/2014 16/03/2015 29/03/2015 745.00 0.30
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 1.59 15.18 10.49 %
Last 5 Financial years 2.19 11.44 19.12 %
Last 10 Financial years 3.56 7.77 45.80 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

28.25
0.15 0.53 %

Valuation Data (Latest Share Price)

P/E (TTM) 12.56
P/E Before Unusual Items (TTM) 12.56
P/BV 2.18
Dividend Yield 2.19 %
Market Cap. (M) 70,625.00
Return on Average Assets 2.25 %
Return on Average Equity 18.48 %

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