ANB shareholders approve 6% cash dividend for H2 2022

29/03/2023 Argaam Exclusive

Shareholders of Arab National Bank (ANB) approved the distribution of a 6% cash dividend, or SAR 0.60 per share, for the second half of 2022, during the ordinary general meeting held on March 28, according to a statement to Tadawul.

 

Dividend Details (H2 2022)

Current capital

SAR 15 bln

Number of shares

1.5 bln

Dividend

SAR 900 mln

Percentage of capital

6% (SAR 0.60 per share)

Record date

March 28, 2023 (Shareholders registered with Edaa by the end of the second trading session following the record date)

Payment date

April 11, 2023

 

Total Dividends (2022)

Total dividends

SAR 1.65 bln

Percentage of capital*

11% (SAR 1.1 per share) 

*After Zakat

 

Shareholders also authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2023.

 

Furthermore, they elected the board members for the next three-year term starting April 1, 2023, including Salah Al-Rashed, Abdulmohsen Al Touq, Obaid Alrasheed, Hesham Aljabr, Osama AlAtiki, Mohammed Faraj Alzahrani, Thamer Alwadai, Naim Al-Husseini, Randa Sadik and Mohammad Alghanamah.

 

Meanwhile, shareholders approved the formation of the audit committee, as well as determined the duties and remuneration of its members. The members are Thamer Alwadai, Khalid Albawardi, and Abdullah Alanazi.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
21/12/2022 28/03/2023 11/04/2023 900.00 0.45
27/06/2022 29/06/2022 18/07/2022 750.00 0.38
22/12/2021 12/04/2022 21/04/2022 675.00 0.34
24/06/2021 05/07/2021 14/07/2021 525.00 0.26
04/03/2021 30/03/2021 12/04/2021 600.00 0.30
29/12/2019 30/03/2020 13/04/2020 750.00 0.38
04/07/2019 10/07/2019 24/07/2019 750.00 0.38
24/12/2018 27/03/2019 08/04/2019 850.00 0.43
01/07/2018 05/07/2018 19/07/2018 650.00 0.33
21/12/2017 02/04/2018 17/04/2018 650.00 0.33
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 2.44 15.10 16.14 %
Last 5 Financial years 3.49 15.97 21.84 %
Last 10 Financial years 6.29 13.22 47.57 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

19.50
(0.10) (0.51 %)

Valuation Data (Latest Share Price)

P/E (TTM) 8.39
P/E Before Unusual Items (TTM) 7.92
P/BV 1.07
Dividend Yield 5.34 %
Market Cap. (M) 39,000.00
Return on Average Assets 2.03 %
Return on Average Equity 13.27 %

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