Alinma Bank shareholders to vote on 5% dividend for H2 2022 on April 30

09/04/2023 Argaam Exclusive

Alinma Bank’s shareholders will vote on a 5% dividend payout, at SAR 0.50 per share, for the second half of 2022 during the ordinary general assembly meeting (OGM) scheduled for April 30. 

 

Dividend Details (H2 2022) 

Current Capital 

SAR 20 bln 

Number of Shares 

2 bln 

Number of Shares 
Eligible for Dividend 

1.99 bln 

Dividend 

SAR 996.10 mln 

Percentage of Capital 

5% (SAR 0.50 per share after Zakat) 

Record Date 

April 30, 2023 (Shareholders registered with the Securities Depository Center (Edaa) by the close of the second trading day following the OGM date)

Payment Date 

May 11, 2023

 

Total Dividend (2022) 

Total Dividend 

   SAR 1.89 bln 

Percentage of Capital  

   9.5%

 

In a statement to Tadawul, the bank said that shareholders will also vote on authorizing the board of directors to distribute interim dividends on a quarterly or a biannual basis for 2023 and set the record and distribution dates.

 

Other agenda items include voting on the buyback of five million shares maximum. The shares will be allocated for the long-term employee stock incentive plan, which will be financed by the company’s resources.

 

Shareholders will start remote voting on April 27. 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
21/12/2022 30/04/2023 11/05/2023 996.10 0.40
17/07/2022 31/07/2022 14/08/2022 896.12 0.36
30/12/2021 13/04/2022 25/04/2022 795.13 0.32
01/08/2021 08/08/2021 22/08/2021 695.74 0.28
03/03/2021 07/04/2021 21/04/2021 596.12 0.24
02/12/2018 26/03/2019 10/04/2019 1,489.97 0.60
13/12/2017 10/04/2018 25/04/2018 1,191.96 0.48
20/12/2016 06/04/2017 19/04/2017 745.00 0.30
21/12/2015 28/03/2016 14/04/2016 745.00 0.30
25/12/2014 16/03/2015 29/03/2015 745.00 0.30
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 2.03 12.88 15.76 %
Last 5 Financial years 2.27 13.87 16.35 %
Last 10 Financial years 4.23 8.97 47.21 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

28.00
0.35 1.27 %

Valuation Data (Latest Share Price)

P/E (TTM) 12.45
P/E Before Unusual Items (TTM) 12.45
P/BV 2.16
Dividend Yield 2.19 %
Market Cap. (M) 70,000.00
Return on Average Assets 2.25 %
Return on Average Equity 18.48 %

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