Zain KSA recommends first-ever cash dividend at 5% for 2022

26/03/2023 Argaam Exclusive

Mobile Telecommunication Company Saudi Arabia’s (Zain KSA) board of directors recommended on March 25 the distribution of a 5% cash dividend, or SAR 0.50 per share, for 2022, according to a statement to Tadawul.

 

Dividend Details (2022)

Current Capital

SAR 8.98 bln

Number of Shares

898.7 mln

Dividend

SAR 449.4 mln

Percentage of Capital

5% (or SAR 0.50 per share)

Record Date

Shareholders of record on the record date and registered with Securities Depository Center Company (Edaa) by the close of the second trading day after the general assembly date.

Payment Date

To be announced later

 

This is the first cash dividend paid by the telecom operator since its listing on Saudi Exchange (Tadawul) in 2008, according to data available with Argaam.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
26/03/2023 22/06/2023 12/07/2023 449.36 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 1.00 13.48 7.42 %
Last 5 Financial years 1.00 8.31 12.04 %
Last 10 Financial years 1.00 17.80 5.62 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 35.08
P/E Before Unusual Items (TTM) NEG
P/BV 0.90
Dividend Yield 3.55 %
Market Cap. (M) 9,400.72
Return on Average Assets 0.97 %
Return on Average Equity 2.58 %

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.