Almunajem shareholders to vote on 20% cash dividend for 2021 on June 1

11/05/2022 Argaam Exclusive

Almunajem Foods Co.’s shareholders will vote on the distribution of SAR 120 million cash dividend, at 20%, or SAR 2.00 a share, for 2021, during an extraordinary general assembly meeting, scheduled for June 1, the company said in a statement to Tadawul.

 

Dividend Details 

Current capital 

SAR 600 mln 

Number of shares 

60 mln 

Dividend 

SAR 120 mln 

Issue percentage  

20% (or SAR 2 per share) 

Record date 

June 1, 2022 (for shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day following the due date) 

Payment date 

To be announced later 

 

Shareholders will also vote on delegating the board of directors to pay interim dividends on a quarterly or semi-annually basis for 2022.

 

They will appoint external auditors and set their fees. The auditors will review financial statements for Q2, Q3 and 2021, and Q1 2022.

 

Shareholders will vote on approving the business contracts concluded by the company.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
27/03/2022 01/06/2022 12/06/2022 120.00 2.00
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 N/A N/A N/A
Last 5 Financial years N/A N/A N/A
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

114.20
(5.80) (4.83 %)

Valuation Data (Latest Share Price)

P/E (TTM) 21.373
P/E Before Unusual Items (TTM) 21.650
P/BV 6.65
Dividend Yield 4.41 %
Market Cap. (M) 6,852.00
Return on Average Assets 19.83 %
Return on Average Equity 31.89 %

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