SNB shareholders approve 9% cash dividend for H2 2021

18/04/2022 Argaam Exclusive

Saudi National Bank’s (SNB) shareholders approved the board’s recommendation to pay a cash dividend at 9% of capital, or SAR 0.90 a share, for H2 2021, during the extraordinary general meeting (EGM) 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.

 

Shareholders further approved allocating 2.85 million shares from the surplus treasury shares, resulting from the merger deal, for the first phase of the Key Employee Executive Plan. 

 

Dividend Details (H2 2021)

Current Capital

SAR 44.780 bln

Number of Shares

4.487 bln 

Total Dividends

SAR 4.030 bln

Percentage of Capital

9% (SAR 0.90 a share)

Record Date

April 17, 2022

Payment Date

April 26, 2022

Dividend Details (2021)

Total Dividends

SAR 6.940 bln

Percentage of Capital

15.5% (SAR 1.55 a share)

 

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 0.60
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 3.02 36.31 8.33 %
Last 5 Financial years 6.30 27.34 23.04 %
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

33.10
(0.05) (0.15 %)

Valuation Data (Latest Share Price)

P/E (TTM) 9.64
P/E Before Unusual Items (TTM) 9.64
P/BV 1.18
Dividend Yield 4.53 %
Market Cap. (M) 198,600.00
Return on Average Assets 1.91 %
Return on Average Equity 12.83 %

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