SAIC shareholders to vote on board dissolution, 7.5% cash dividend for 2021 on May 31

09/05/2022 Argaam Exclusive

Saudi Advanced Industries Co.’s (SAIC) shareholders will vote on dissolving the existing board of directors upon request of a major shareholder, during an ordinary general assembly meeting (OGM) scheduled for May 31.

 

The major shareholder owns 5.09% of SAIC’s shares, the company said in a bourse filing.

 

The shareholders will also elect board members for the upcoming three-year term, starting from May 31, 2022, in case the board dismissal is approved.

 

Other agenda items include voting on the distribution of cash dividend at 7.5% of capital, or SAR 0.75 per share, for 2021.
 

Dividend Details (2021)

Current capital

SAR 500 mln

Number of shares

50 mln

Total dividend

SAR 37.5 mln

Percentage of capital

7.5% (SAR 0.75 per share)

Record date

Shareholders of record at the Securities Depository Center (Edaa) by the close of the second trading day following the record date

Payment date

To be determined later

 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
13/03/2022 31/05/2022 15/06/2022 37.50 0.63
23/03/2021 23/06/2021 05/07/2021 12.50 0.21
19/08/2020 30/08/2020 15/09/2020 12.50 0.21
30/12/2018 28/02/2019 13/03/2019 12.50 0.21
10/05/2017 05/02/2018 22/02/2018 12.50 0.21
10/05/2017 03/07/2017 19/07/2017 12.50 0.21
23/12/2014 19/04/2015 12/05/2015 21.60 0.36
21/02/2009 05/05/2009 26/05/2009 21.60 0.36
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 1.04 10.61 9.82 %
Last 5 Financial years 1.67 10.84 15.37 %
Last 10 Financial years 2.03 10.99 18.44 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

35.35
(0.05) (0.14 %)

Valuation Data (Latest Share Price)

P/E (TTM) 6.60
P/E Before Unusual Items (TTM) 6.52
P/BV 1.74
Dividend Yield 3.43 %
Market Cap. (M) 2,121.00
Return on Average Assets 27.32 %
Return on Average Equity 29.44 %

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.