SABB shareholders approve 3.6% cash dividend for H2 2021

18/04/2022 Argaam Exclusive

Shareholders of Saudi British Bank (SABB) approved the board’s recommendation to pay a cash dividend at 3.6% of capital, or SAR 0.36 a share after deducting Zakat, for H2 2021, during the ordinary general meeting (OGM) held on April 17, according to a bourse filing.

 

Additionally, shareholders approved authorizing the board to pay interim dividends for 2022 on a semi-annual or quarterly basis.

 

Dividend Details (H2 2021)

Current Capital

SAR 20.547 bln

Number of Shares

2.054 bln 

Total Dividends

SAR 740 mln

Percentage of Capital

3.6% (SAR 0.36 a share)

Record Date

April 17, 2022 (Shareholders on the second trading day after the record date)

Payment Date

April 25, 2022

Dividend Details (2021)

Total Dividends

SAR 1.767 bln

Percentage of Capital

8.6% (SAR 0.86 a share)

     

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
21/02/2022 17/04/2022 25/04/2022 740.00 0.36
01/08/2021 05/08/2021 19/08/2021 1,027.00 0.50
01/01/2020 22/04/2020 05/05/2020 1,234.00 0.60
05/08/2019 19/08/2019 02/09/2019 1,185.00 0.58
27/12/2018 01/04/2019 10/04/2019 1,500.00 1.00
24/07/2018 02/08/2018 16/08/2018 1,440.00 0.96
24/12/2017 28/03/2018 08/04/2018 1,065.00 0.71
20/07/2017 03/08/2017 17/08/2017 1,065.00 0.71
27/12/2016 25/04/2017 04/05/2017 525.00 0.35
07/08/2016 18/08/2016 01/09/2016 525.00 0.35
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 2.15 34.25 6.28 %
Last 5 Financial years 5.29 27.23 19.42 %
Last 10 Financial years 9.52 19.80 48.10 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

31.50
(0.20) (0.63 %)

Valuation Data (Latest Share Price)

P/E (TTM) 8.30
P/E Before Unusual Items (TTM) 8.30
P/BV 1.08
Dividend Yield 4.91 %
Market Cap. (M) 64,726.20
Return on Average Assets 2.12 %
Return on Average Equity 13.48 %

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