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

27.90
(0.10) (0.36 %)

Valuation Data (Latest Share Price)

P/E (TTM) 12.40
P/E Before Unusual Items (TTM) 12.40
P/BV 2.15
Dividend Yield 2.19 %
Market Cap. (M) 69,750.00
Return on Average Assets 2.25 %
Return on Average Equity 18.48 %

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.