Savola shareholders approve 2% cash dividend for 2021

17/05/2022 Argaam Exclusive

Savola Group shareholders approved the payout of a 2% cash dividend, or SAR 0.20 per share, for 2021, during the ordinary general assembly meeting (OGM) held on May 16.

 

Dividend Details (2021)

Current capital

SAR 5.339 bln

Number of shares

533.98 mln

Dividend

SAR 106.8 mln

Percentage of capital

2% (SAR 0.20 per share)

Record date

May 16, 2022 (Shareholders registered in the company's register at Securities Depository Center by the close of the second trading day following the record date)

Distribution date

June 6, 2022

 

The shareholders also approved the remaining agenda items, including the election of the board members for the next three-year term, commencing from July 1, 2022.

 

The elected board members are Ahmed Al Humaidan, Ahmed Al Qahtani, Waleed Al Ghreri, Sulaiman Al-Muhaidib, Rakan Al Fadl, Mutaz Al Azzawi, Isam Almuhaidib, Bader Alissa, Mohamed Alissa, Bader Al-Rabiah and Fahad Al-Kassim.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
01/02/2022 16/05/2022 06/06/2022 106.80 0.20
27/01/2021 28/04/2021 24/05/2021 400.49 0.75
29/01/2020 29/04/2020 20/05/2020 160.20 0.30
08/02/2018 27/05/2018 10/06/2018 533.98 1.00
20/10/2016 23/10/2016 06/11/2016 133.50 0.25
28/07/2016 31/07/2016 15/08/2016 133.50 0.25
20/04/2016 21/04/2016 05/05/2016 133.50 0.25
20/01/2016 19/04/2016 04/05/2016 266.99 0.50
19/10/2015 22/10/2015 05/11/2015 266.99 0.50
28/07/2015 02/08/2015 16/08/2015 266.99 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 1.61 34.95 4.61 %
Last 5 Financial years 1.91 39.34 4.86 %
Last 10 Financial years 9.81 39.90 24.60 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

48.15
(0.70) (1.43 %)
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Valuation Data (Latest Share Price)

P/E (TTM) 30.07
P/E Before Unusual Items (TTM) 34.60
P/BV 3.04
Dividend Yield 0.00 %
Market Cap. (M) 25,711.17
Return on Average Assets 2.83 %
Return on Average Equity 10.08 %

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