SPIMACO shareholders approve 6% cash dividend for 2021

09/06/2022 Argaam Exclusive

Shareholders of Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) approved the board’s recommendation to pay a cash dividend at 6% of capital, or SAR 0.60 a share, for 2021, during the ordinary general meeting (OGM) held on June 8, according to a bourse filing. 

 

Dividend Details

Current Capital

SAR 1.2 bln

Number of Shares

120 mln

Total Dividend

SAR 72 mln

Percentage of Capital

6% (SAR 0.60 a share)

Record Date

June 8, 2022, shareholders registered with the Securities Depository Center (Edaa) by the close of trading on the second day after the OGM date

Payment Date

June 27, 2022

 

Shareholders also authorized the board of directors to pay interim dividends for 2022 on a semi-annual or quarterly basis. They further approved the business contracts, which will be inked with Arab Company for Drug Industries and Medical Appliances (ACDIMA), in which the board members Adel Kareem and Mohammed Khalil have indirect interests.  

 

Karim serves as Chairman of ACDIMA, while Khalil is the Director General. The business and contracts are represented in a share purchase agreement, under which SPIMACO will acquire ACDIMA’s shares in CAD Middle East Pharmaceutical Industries for SAR 10.53 million, without preferential terms. 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
24/03/2022 08/06/2022 27/06/2022 72.00 0.60
23/03/2021 30/05/2021 16/06/2021 120.00 1.00
31/03/2020 14/05/2020 11/06/2020 60.00 0.50
05/03/2019 02/04/2019 18/04/2019 120.00 1.00
31/07/2018 30/08/2018 20/09/2018 60.00 0.50
22/03/2018 19/04/2018 03/05/2018 120.00 1.00
12/03/2017 16/04/2017 11/05/2017 120.00 1.00
16/02/2016 03/04/2016 28/04/2016 120.00 1.00
17/02/2015 23/04/2015 14/05/2015 180.00 1.50
23/02/2014 17/04/2014 11/05/2014 78.44 0.65
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 1.60 27.50 5.82 %
Last 5 Financial years 3.60 30.44 11.83 %
Last 10 Financial years 8.75 28.76 30.44 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

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Valuation Data (Latest Share Price)

P/E (TTM) NEG
P/E Before Unusual Items (TTM) NEG
P/BV 2.61
Dividend Yield -
Market Cap. (M) 3,864.00
Return on Average Assets (0.51 %)
Return on Average Equity (1.46 %)

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