Mouwasat shareholders approve 27.5% dividend for 2021

10/05/2022 Argaam Exclusive

Mouwasat Medical Services Co.'s shareholders approved a 27.5% cash dividend for 2021, at SAR 2.75 per share, during the ordinary general meeting (OGM) held on May 9, the company said in a bourse statement.

Dividend Details (2021)
Current capital	SAR 1 bln
Number of shares	100 mln
Dividend	SAR 275 mln
Percentage of capital	27.5% (SAR 2.75 per share)
Record date	May 9, 2022
Payment date	May 19, 2022

Shareholders also agreed to stop setting aside 10% of net profit for the statutory reserve, as it reached 30% of capital as of Dec. 31, 2020. The decision is effective from the financials for the period ended on Dec. 31, 2021.

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
17/01/2022	09/05/2022	19/05/2022	275.00	1.38	FY _ 2021
25/02/2021	29/04/2021	09/05/2021	250.00	1.25	FY 2020
16/03/2020	22/04/2020	06/05/2020	200.00	1.00	FY-2019
25/02/2019	22/04/2019	05/05/2019	175.00	0.88	The General Assembly approved 17.5% cash dividend FY-2018
29/01/2018	02/05/2018	14/05/2018	150.00	0.75	The General Assembly approved 30% cash dividend FY-2017
23/01/2017	24/04/2017	07/05/2017	125.00	0.63	The General Assembly approved 25% cash dividend FY-2016
25/01/2016	04/04/2016	25/04/2016	100.00	0.50	The General Assembly approved 20% cash dividend FY-2015
27/01/2015	01/04/2015	20/04/2015	100.00	0.50	The General Assembly Approved 20% cash dividends for year 2014
16/12/2013	02/04/2014	20/04/2014	100.00	0.50	The General Assembly approved 20% cash dividend for FY2013
17/12/2012	02/04/2013	20/04/2013	75.00	0.38	The General Assembly approved 15% cash dividend for FY2012

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	4.13	44.10	9.35 %
Last 5 Financial years	6.00	37.85	15.85 %
Last 10 Financial years	8.88	13.50	65.74 %

Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	28.08
P/E Before Unusual Items (TTM)	28.08
P/BV	5.23
Dividend Yield	1.57 %
Market Cap. (M)	18,480.00
Return on Average Assets	12.95 %
Return on Average Equity	19.85 %

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