SIIG plans 7.5% cash dividend for H2 2021, H1 2022 each

17/04/2022 Argaam Exclusive

Saudi Industrial Investment Group's (SIIG) board of directors recommended, in a meeting held April 14, the distribution of 7.5% cash dividend, or SAR 0.75 per share, for the second half of 2021, according to a bourse filing.

 

The board also recommended 7.5% cash dividend for H1 2022.

 

Dividend Details (H2 2021)

Current capital

SAR 7.548 bln

Number of shares

754.8 mln

Dividend

SAR 566.1 mln

Percentage of capital

7.5% (equivalent to SAR 0.75 per share)

Record date

April 14, 2022 (Shareholders enrolled on Securities Depository Center by the end of the second trading day following the record date.)

Payment date

To be announced later

     

Dividend Details (H1 2022)

Dividend

SAR 566.1 mln

Percentage of capital

7.5% (equivalent to SAR 0.75 per share)

Record date

June 30, 2022 (Shareholders enrolled on Securities Depository Center by the end of the second trading day following the record date.)

Payment date

To be announced later

 

Last week, shareholders of SIIG and National Petrochemical Co. (Petrochem) approved the merger of the two companies, Argaam reported.

 

SIIG’s capital was increased to SAR 7.55 billion to acquire all the issued shares in Petrochem.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
17/04/2022 14/04/2022 27/04/2022 566.10 0.75
17/04/2022 30/06/2022 21/07/2022 566.10 0.75
03/06/2021 30/06/2021 15/07/2021 225.00 0.50
22/12/2020 31/12/2020 14/01/2021 225.00 0.50
16/04/2020 30/06/2020 14/07/2020 225.00 0.50
22/12/2019 31/12/2019 12/01/2020 337.50 0.75
09/04/2019 30/06/2019 11/07/2019 337.50 0.75
28/10/2018 31/12/2018 13/01/2019 337.50 0.75
18/04/2018 30/06/2018 11/07/2018 225.00 0.50
08/10/2017 31/12/2017 11/01/2018 225.00 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 3.75 23.34 16.07 %
Last 5 Financial years 6.50 18.86 34.46 %
Last 10 Financial years 9.50 22.90 41.48 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

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Valuation Data (Latest Share Price)

P/E (TTM) 41.70
P/E Before Unusual Items (TTM) 41.70
P/BV 1.58
Dividend Yield 4.50 %
Market Cap. (M) 15,896.09
Return on Average Assets 3.60 %
Return on Average Equity 3.72 %

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