Bupa Arabia shareholders approve 45% dividend for 2021, SAR 17.6 mln share buyback

03/07/2022 Argaam Exclusive

Bupa Arabia for Cooperative Insurance Co.’s shareholders approved the board’s recommendation of a 45% cash dividend, or SAR 4.5 per share, for 2021 during the extraordinary general meeting (EGM) held on June 30, according to a bourse filing today, July 3.

 

Dividend Details (2021)  

Current capital  

SAR 1.2 bln

Number of shares  

120 mln

Dividend  

SAR 540 mln

Percentage of capital  

45% (SAR 4.5 per share)

Record date  

June 30, 2022 (Shareholders registered with the Securities Depository Center at the end of the second trading day following the record date.)

Payment date  

July 20, 2022

 

They delegated the board the authority to approve interim dividends semi-annually or quarterly for 2022.

 

Shareholders approved the buyback of 175,000 shares maximum at a total value of SAR 17.55 million as part of the long-term incentive plan (LTIP). The repurchase will be financed through the company’s cash. They also authorized the board to complete the repurchase process within 12 months from the date of the EGM’s approval.   

 

The repurchased shares will be kept no longer than 10 years from the EGM date until allocated to the entitled employees. The EGM approval was obtained on May 8, 2017.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
06/06/2022 30/06/2022 20/07/2022 540.00 3.60
25/04/2021 24/06/2021 08/07/2021 408.00 2.72
30/04/2019 30/06/2019 14/07/2019 180.00 1.20
17/04/2018 31/05/2018 11/06/2018 160.00 1.07
13/03/2017 08/05/2017 21/05/2017 120.00 0.80
25/04/2016 01/06/2016 27/06/2016 160.00 1.07
23/04/2014 05/06/2014 25/06/2014 20.00 0.13
02/03/2013 10/04/2013 07/05/2013 40.00 0.27
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 9.92 81.14 12.23 %
Last 5 Financial years 11.12 49.04 22.67 %
Last 10 Financial years 14.19 7.31 194.18 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 24.31
P/E Before Unusual Items (TTM) 24.31
P/BV 5.72
Dividend Yield 1.87 %
Market Cap. (M) 29,790.00
Return on Average Assets 8.38 %
Return on Average Equity 25.30 %

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