Ataa shareholders approve 10% cash dividend for FY 2021/22

19/01/2023 Argaam Exclusive

Ataa Educational Co.’s shareholders approved the board recommendation to distribute a cash dividend at SAR 1 a share, or 10% of capital, for the fiscal year ended July 31, 2022, during the ordinary general meeting (OGM) held on Jan. 18.

 

Dividend Details (FY ended on July 31, 2022)

Current capital

SAR 420.87 mln

Number of shares

42.09 mln

Dividend

SAR 42.09 mln

Percentage of capital

10% (SAR 1 per share)

Record date

Jan. 18, 2023, and shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day following the record date

Payment date

Jan. 29,2023

 

In a statement to Tadawul, Ataa Educational indicated that the shareholders approved other items set forth in the meeting’s agenda, including transactions concluded between the company and its Vice Chairman Ahmed Al-Muttab and board member Farah bint Ahmed Al-Muttab, who have direct and indirect interests therein, respectively. 

 

According to the statement, these transactions are SAR 13.6 million worth lease contracts for Al-Fikr School and Modern Middle East International School complexes, concluded without preferential conditions. 

 

Board member Othman Al-Qasabi’s participation in a business competing with the company’s activity was also approved during the OGM, the statement added.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
07/12/2022 18/01/2023 29/01/2023 42.09 1.00
29/09/2021 07/11/2021 21/11/2021 40.00 1.00
26/10/2020 12/01/2021 26/01/2021 40.00 1.00
30/10/2019 21/01/2020 29/01/2020 40.00 1.00
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 3.10 39.10 7.93 %
Last 5 Financial years 5.10 31.90 15.99 %
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

66.40
2.70 4.24 %
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Valuation Data (Latest Share Price)

P/E (TTM) 39.44
P/E Before Unusual Items (TTM) 40.71
P/BV 3.56
Dividend Yield 1.53 %
Market Cap. (M) 2,794.78
Return on Average Assets 3.36 %
Return on Average Equity 8.83 %

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