SABIC Agri-Nutrients shareholders approve cash dividend at SAR 8/share for H2 2022

27/03/2023 Argaam Exclusive

SABIC Agri-Nutrients Co.’s shareholders approved the board’s proposal to pay a cash dividend at 80% of capital, or SAR 8 a share for H2 2022, during the ordinary general meeting (OGM), held on March 26, according to a statement to Tadawul.

 

H2 2022 Dividend Details

Current Capital

SAR 4.76 bln

Number of Shares

476.04 mln

Total Dividend

SAR 3.80 bln

Percentage of Capital

80% (SAR 8 a share)

Record Date

March 26, 2023 (Shareholders registered with Edaa on the second trading day following the general meeting)

Payment Date

April 13, 2023

 

 

Dividend Details (2022)

Total Dividend

SAR 5.71 bln

Percentage of Capital

120% (SAR 12 a share)

 

Shareholders also approved authorizing the board to pay interim dividends on a semi-annual or quarterly basis, for 2023.

 

They also elected new board members for the upcoming three-year term starting March 29, 2023, including Abdulrahman Saleh Al-Fageeh (non-executive member), Abdulaziz Al-Habdan (non-executive member), and Khalid Salem Al-Rowais (independent member) among others.

 

Shareholders also endorsed the formation of the audit committee for the same three-year term to include Abdulaziz Al-Habdan, Abdulaziz Suliman Al-Humaid and Majed Abdulalah Nouraddin among others.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
20/12/2022 26/03/2023 13/04/2023 3,808.28 8.00
29/06/2022 17/07/2022 01/08/2022 1,904.14 4.00
20/12/2021 13/04/2022 27/04/2022 1,428.11 3.00
14/06/2021 30/06/2021 14/07/2021 595.04 1.25
15/12/2020 11/04/2021 25/04/2021 476.04 1.14
14/05/2020 21/06/2020 05/07/2020 416.67 1.00
16/12/2019 29/03/2020 12/04/2020 625.00 1.50
19/05/2019 16/07/2019 30/07/2019 625.00 1.50
17/12/2018 07/04/2019 21/04/2019 625.00 1.50
10/06/2018 25/07/2018 08/08/2018 416.67 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 18.39 77.80 23.64 %
Last 5 Financial years 23.89 65.07 36.72 %
Last 10 Financial years 49.34 123.80 39.86 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

112.60
0.60 0.54 %

Valuation Data (Latest Share Price)

P/E (TTM) 16.00
P/E Before Unusual Items (TTM) 15.40
P/BV 2.88
Dividend Yield 4.34 %
Market Cap. (M) 53,602.10
Return on Average Assets 13.71 %
Return on Average Equity 18.53 %

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