Almarai shareholders to vote on 10% dividend for 2022, 10 mln shares buyback on April 11

20/03/2023 Argaam Exclusive

Almarai Co.’s shareholders are set to vote on a 10% cash dividend, or SAR 1 per share, for 2022, during the extraordinary general meeting (EGM) that will be held on April 11, according to a statement to Tadawul.

 

Dividend Details (2022)

Current capital

SAR 10 bln

Number of shares

1 bln

Dividend

SAR 1 bln

Percentage of capital

10% (SAR 1 per share)

Record date

April 11, 2023, including shareholders registered with Edaa by the end of the second trading day following this date

Payment date

Later

 

In addition, shareholders will vote on contracts and business that took place between the company and related parties during 2022.

 

Meanwhile, they will decide on up to 10 million shares buyback to be allocated to employees incentive program. The process will be financed from the company’s internal resources. 

 

Moreover, Almarai’s shareholders will authorize the board of directors or whoever it delegates to complete the shares buyback process within a maximum period of 12 months from the EGM date.

 

The company will maintain the repurchased shares for a period not exceeding seven years from the EGM approval date, until they are allocated to eligible employees.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
20/12/2022 11/04/2023 17/04/2023 1,000.00 1.00
16/12/2021 12/04/2022 20/04/2022 1,000.00 1.00
15/12/2020 13/04/2021 21/04/2021 1,000.00 1.00
09/12/2019 05/04/2020 13/04/2020 850.00 0.85
10/12/2018 07/04/2019 15/04/2019 850.00 0.85
11/12/2017 09/04/2018 17/04/2018 750.00 0.75
06/12/2016 26/03/2017 04/04/2017 720.00 0.72
14/12/2015 03/04/2016 12/04/2016 690.00 0.69
28/12/2014 05/04/2015 12/04/2015 600.00 0.60
29/12/2013 02/04/2014 09/04/2014 600.00 0.60
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 3.00 54.00 5.56 %
Last 5 Financial years 4.85 48.00 10.10 %
Last 10 Financial years 8.46 31.88 26.54 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

53.00
0.30 0.57 %

Valuation Data (Latest Share Price)

P/E (TTM) 23.52
P/E Before Unusual Items (TTM) 23.52
P/BV 2.86
Dividend Yield 1.79 %
Market Cap. (M) 53,000.00
Return on Average Assets 6.32 %
Return on Average Equity 12.50 %

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