Mouwasat board recommends 100% bonus shares, 30% cash dividend for 2022

22/12/2022 Argaam Exclusive

Mouwasat Medical Services Co.'s board of directors recommended today, Dec. 22, a 100% capital increase to SAR 2 billion through distributing one bonus share for every one share held, the company said in a statement to Tadawul.

 

In a separate statement, the medical services provider’s board also proposed a 30% cash dividend, or SAR 3 per share, for 2022, as shown below:

 

 

Capital Increase Details

Current capital

SAR 1 bln

Number of shares

100 mln

Capital hike %

100% (one share for every one share held)

Capital after increase

SAR 2 bln

Number of shares after increase

200 mln

Method of increase

Capitalizing SAR 1 bln from retained earnings

Objective

Enhance Mouwasat’s strategic growth plan and medical network expansion, while ensuring its strong financial position and financial solvency

Eligibility

Shareholders registered with the Securities Depository Center Co. (Edaa) by the close of the second trading day following the record date

 

Dividend Details (2022)

Current capital

SAR 1 bln

Number of shares

100 mln

Dividend

SAR 300 mln

Percentage of capital

30% (SAR 3 per share)

Record date

Shareholders registered on the general assembly meeting date, and those of record with Edaa by the close of the second trading day after the meeting date

Payment date

To be announced later

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
22/12/2022 07/05/2023 17/05/2023 300.00 1.50
17/01/2022 09/05/2022 19/05/2022 275.00 1.38
25/02/2021 29/04/2021 09/05/2021 250.00 1.25
16/03/2020 22/04/2020 06/05/2020 200.00 1.00
25/02/2019 22/04/2019 05/05/2019 175.00 0.88
29/01/2018 02/05/2018 14/05/2018 150.00 0.75
23/01/2017 24/04/2017 07/05/2017 125.00 0.63
25/01/2016 04/04/2016 25/04/2016 100.00 0.50
27/01/2015 01/04/2015 20/04/2015 100.00 0.50
16/12/2013 02/04/2014 20/04/2014 100.00 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 4.13 44.10 9.35 %
Last 5 Financial years 6.00 37.85 15.85 %
Last 10 Financial years 8.88 13.50 65.74 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 28.69
P/E Before Unusual Items (TTM) 28.69
P/BV 5.34
Dividend Yield 1.57 %
Market Cap. (M) 18,880.00
Return on Average Assets 12.95 %
Return on Average Equity 19.85 %

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