SAIB shareholders approve 4.5% cash dividend for H2 2022

11/04/2023 Argaam Exclusive

Shareholders of the Saudi Investment Bank (SAIB) approved the distribution of a 4.5% cash dividend, or SAR 0.45 per share, for the second half of 2022, during the ordinary general meeting held on April 10, according to a statement to Tadawul.

Dividend Details (H2 2022)
Current Capital	SAR 10 bln
Number of Dividend-Eligible Shares	1 bln
Total Dividend	SAR 450 mln
Percentage of Capital	4.5% (SAR 0.45 per share after deducting Zakat)
Record Date	April 10, shareholders of record who are registered with Edaa by the close of the second trading session following the record date
Payment Date	April 30

Dividend Details (2022)
Total Dividends	SAR 750 mln
Percentage of Capital	7.5% (SAR 0.75 per share(

The shareholders also agreed to authorize the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2023, SAIB said in a statement to Tadawul.

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
25/12/2022	10/04/2023	30/04/2023	450.00	0.36	H 2 _ 2022
24/07/2022	31/07/2022	14/08/2022	300.00	0.24	H1 _ 2022
22/12/2021	01/02/2022	10/02/2022	525.00	0.42	FY _ 2021
04/03/2021	21/04/2021	02/05/2021	270.00	0.22	FY 2020
14/02/2018	24/04/2018	01/05/2018	450.00	0.36	The General Assembly approved 6 % cash dividend FY-2017
06/12/2016	17/04/2017	20/04/2017	350.00	0.28	The General Assembly approved 5% cash dividend for year 2016
13/12/2015	04/04/2016	07/04/2016	487.50	0.39	The General Assembly approved 7.5 % cash dividend for 2015
04/12/2014	08/03/2015	10/03/2015	480.00	0.38	The General Assembly approved 8% cash dividends for year 2014
19/12/2013	01/04/2014	06/04/2014	440.00	0.35	The General Assembly approved 8% cash dividend , for FY 2013 .
17/12/2012	11/03/2013	16/03/2013	385.00	0.31	The General Assembly approved 7% cash dividend ,for FY 2012 .

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	1.70	9.57	17.77 %
Last 5 Financial years	1.92	10.29	18.62 %
Last 10 Financial years	3.33	13.89	23.98 %

Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	9.11
P/E Before Unusual Items (TTM)	9.11
P/BV	1.12
Dividend Yield	5.33 %
Market Cap. (M)	17,250.00
Return on Average Assets	1.35 %
Return on Average Equity	12.99 %

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