Banque Saudi Fransi shareholders to vote on 8.5% cash dividend for H2 2021 on June 12

12/05/2022 Argaam Exclusive

Banque Saudi Fransi (BSF) shareholders will vote on the board of directors’ recommendation to pay cash dividend at 8.5% of capital, or SAR 0.85 a share, for H2 2021, during the extraordinary general meeting (EGM) slated for June 12, according to a bourse filing.

 

Dividend Details

Current Capital 

SAR 12.054 bln 

Number of Shares 

1.205 bln 

Total Dividend 

SAR 1.019 bln 

Percentage of Capital 

8.5% (SAR 0.85 per share after deducting Zakat) 

Record Date 

June 12, 2022 (Shareholders of record on the second trading day after the due date) 

Payment Date 

June 30, 2022 

*The number of shares to be distribute is 1199.9 million.  

 

Total Dividend

  

Total Dividend 

SAR 1.799 bln 

Percentage of Capital 

15% (SAR 1.5 a share) 

 

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

 

Shareholders will further discuss a share buyback of maximum 3 million shares to be allocated for the employee incentive program. The share repurchase will be financed from internal resources and the board will be authorized to complete the buyback within a maximum of 12 months.

 

The bank will retain the shares for 10 years maximum from the EGM date. After the period expires, the bank shall follow the procedures stipulated in the relevant laws and regulations. This program complements the board’s relevant approval on May 1, 2019.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
23/12/2021 12/06/2022 30/06/2022 1,019.96 0.85
04/07/2021 11/07/2021 05/08/2021 779.97 0.65
02/03/2021 05/05/2021 31/05/2021 479.98 0.40
30/12/2019 13/05/2020 08/06/2020 1,199.68 1.00
03/07/2019 11/07/2019 29/07/2019 1,199.69 1.00
27/12/2018 01/05/2019 16/05/2019 959.49 0.80
01/07/2018 10/07/2018 25/07/2018 1,079.42 0.90
04/03/2018 19/04/2018 06/05/2018 419.80 0.35
10/07/2017 16/07/2017 27/07/2017 1,259.30 1.04
19/01/2017 20/04/2017 04/05/2017 601.10 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 3.55 37.50 9.46 %
Last 5 Financial years 7.23 28.85 25.06 %
Last 10 Financial years 11.97 22.13 54.10 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

34.75
0.05 0.14 %
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Valuation Data (Latest Share Price)

P/E (TTM) 9.75
P/E Before Unusual Items (TTM) 9.75
P/BV 1.13
Dividend Yield 4.85 %
Market Cap. (M) 41,887.65
Return on Average Assets 1.69 %
Return on Average Equity 11.96 %

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