BSF shareholders to vote on 9% cash dividends for H2 2022 on May 24

16/04/2023 Argaam Exclusive

Banque Saudi Fransi (BSF) shareholders will vote on the board's recommendation to distribute cash dividend at 9% of capital (SAR 0.90 per share) for H2 2022, during the extraordinary general assembly meeting, scheduled for May 24, the company said in a statement to Tadawul.

 

Dividend Details (H2 2022)

Current Capital

SAR 12.054 bln

Number of Shares*

1205.4 mln

Total Dividend

SAR 1079.63 mln

Percentage of Capital

9% (SAR 0.90 per share)

Record Date

May 24, 2023, to shareholders registered with Securities Depository Center Co. (Edaa) at the end of the second trading day after the record date

Payment Date

June 12, 2023

*Number of eligible shares is 1.19 billion

 

Dividend Details (2022)

Dividend

SAR 1980.27 mln

Percentage of Capital

16.5% (SAR 1.65 per share)

 

Shareholders will also vote on authorizing the board of directors to distribute interim dividend on a quarterly or semi-annual basis for 2023.

 

They will also vote on buying back 3.25 million shares at maximum, which will be allocated for the employee stock program. The share repurchase will be self-financed. The board of directors will be authorized to complete the share buyback process within a period of 12 months at maximum after the extraordinary general meeting (EGM) date.

 

The bank will retain the treasury shares for a period of not more than 10 years from the EGM date. After such a period expires, the bank will follow the procedures and controls as stipulated by related laws and regulations.

 

The program comes in continuation of the current program whose terms have been previously set by the board of directors and for which the approval was obtained by the general assembly on May 1, 2019.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
13/12/2022 24/05/2023 12/06/2023 1,079.63 0.90
30/06/2022 21/07/2022 04/08/2022 900.64 0.75
23/12/2021 12/06/2022 30/06/2022 1,019.96 0.85
04/07/2021 11/07/2021 05/08/2021 779.97 0.65
02/03/2021 05/05/2021 31/05/2021 479.98 0.40
30/12/2019 13/05/2020 08/06/2020 1,199.68 1.00
03/07/2019 11/07/2019 29/07/2019 1,199.69 1.00
27/12/2018 01/05/2019 16/05/2019 959.49 0.80
01/07/2018 10/07/2018 25/07/2018 1,079.42 0.90
04/03/2018 19/04/2018 06/05/2018 419.80 0.35
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 3.55 37.50 9.46 %
Last 5 Financial years 7.23 28.85 25.06 %
Last 10 Financial years 11.97 22.13 54.10 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

31.20
0.00 0.00 %

Valuation Data (Latest Share Price)

P/E (TTM) 8.84
P/E Before Unusual Items (TTM) 8.84
P/BV 0.99
Dividend Yield 4.85 %
Market Cap. (M) 37,608.48
Return on Average Assets 1.58 %
Return on Average Equity 11.75 %

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