Yansab shareholders approve 12.5% cash dividend for H2 2022

08/03/2023 Argaam Exclusive

Yanbu National Petrochemical Co.'s (Yansab) shareholders approved the board’s recommendation to distribute a 12.5% cash dividend, or SAR 1.25 per share, for the second half of 2022, during the ordinary general meeting (OGM) held on March 7, the company said in a statement to Tadawul.

 

Dividend Details (H2 2022)

Current Capital

SAR 5.62 bln

Number of Shares

562.5 mln

Dividend

SAR 703.13 mln

Percentage of Capital (%)

12.5% (SAR 1.25 per share)

Record Date

March 7, 2023 (Shareholders registered with the Securities Depository Center Co. at the end of the second trading day following the record date).

Payment Date

March 26, 2023

 

Dividend Details (2022)

Dividend

SAR 1.54 bln

Percentage of Capital (%)

27.5% (SAR 2.75 per share)

 

Shareholders also elected board members for the upcoming three-year term ending on March 15, 2026.

 

The new board includes Abdul Rahman Shamsaddin, Samih Assahafi, Abdullah Al-Sinan and Abdullah Al-Arifi, as non-executive members; while Ibrahim Al-Saif, Awad Muhammad Salih Al-Maker, and Khaled Al-Rabia were elected as independent members.

 

Shareholders approved forming the audit committee, setting its tasks and remuneration for the new term.

 

Ibrahim Al-Saif, Abdullah Al-Sinan and Ahmed Al-Maghames were named as the audit committee members.

 

Shareholders also authorized the board of directors to distribute interim dividends quarterly or semi-annually for 2023.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
25/12/2022 07/03/2023 26/03/2023 703.13 1.25
05/06/2022 15/06/2022 29/06/2022 843.75 1.50
23/12/2021 23/03/2022 30/03/2022 843.75 1.50
17/06/2021 01/07/2021 13/07/2021 843.75 1.50
24/12/2020 30/03/2021 14/04/2021 703.13 1.25
11/05/2020 09/07/2020 26/07/2020 703.13 1.25
25/12/2019 15/03/2020 01/04/2020 984.38 1.75
12/05/2019 02/07/2019 16/07/2019 984.38 1.75
20/12/2018 04/04/2019 18/04/2019 1,125.00 2.00
27/05/2018 02/07/2018 16/07/2018 984.37 1.75
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 7.50 63.60 11.79 %
Last 5 Financial years 13.50 63.00 21.43 %
Last 10 Financial years 28.50 74.75 38.13 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 44.98
P/E Before Unusual Items (TTM) 44.98
P/BV 1.81
Dividend Yield 4.60 %
Market Cap. (M) 21,290.63
Return on Average Assets 3.31 %
Return on Average Equity 3.92 %

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