SASCO shareholders approve 2.5% additional cash dividend for 2021

15/06/2022 Argaam Exclusive

Saudi Automotive Services Co.’s (SASCO) shareholders approved the board’s recommendation to pay an additional cash dividend at 2.5% of capital, or SAR 0.25 a share, for 2021, during the ordinary general meeting (OGM) held on June 14, according to a bourse filing.

They also authorized the board to pay interim dividends for 2022 on a semi-annual or quarterly basis, the statement added.

Dividend Details
Current Capital	SAR 600 mln
Number of Shares	60 mln
Total Dividend	SAR 15 mln
Percentage of Capital	2.50% (SAR 0.25 a share)
Record Date	June 14, 2022
Payment Date	June 29, 2022

Total Dividend (2021)
Total Dividend	SAR 45 mln
Percentage of Capital	7.5% (SAR 0.75 a share)

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
14/04/2022	14/06/2022	29/06/2022	15.00	0.21	Q4 _ 2021
28/12/2021	02/01/2022	17/01/2022	12.00	0.17	Q3 _ 2021
09/09/2021	19/09/2021	04/10/2021	18.00	0.26	H1 - 2021
28/03/2021	16/06/2021	05/07/2021	12.00	0.17	Exceptional dividends
27/10/2020	03/11/2020	18/11/2020	24.00	0.34	First 9 Months 2020
14/05/2020	22/06/2020	05/07/2020	60.00	0.86	FY-2019
20/03/2019	22/04/2019	02/05/2019	30.00	0.43	The General Assembly approved 5% cash dividend for FY 2018
13/03/2018	22/05/2018	12/06/2018	27.00	0.39	The General Assembly approved 5 % cash dividend FY-2017
29/12/2015	20/04/2016	10/05/2016	27.00	0.39	The General Assembly approved 5 % Cash dividend for FY-2015
27/11/2014	01/12/2014	17/12/2014	33.75	0.48	The General Assembly approved a 7.5% cash dividend for 2H2014

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	2.01	25.16	8.01 %
Last 5 Financial years	3.30	14.53	22.72 %
Last 10 Financial years	5.52	10.95	50.37 %

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

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	56.27
P/E Before Unusual Items (TTM)	More than 100
P/BV	6.65
Dividend Yield	1.68 %
Market Cap. (M)	5,600.00
Return on Average Assets	1.63 %
Return on Average Equity	11.61 %

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