Bank Albilad shareholders approved the board’s proposal for a 5% cash dividend, or SAR 0.50 per share, for 2022, during the extraordinary general meeting (EGM) held on May 1, the bank said in a statement to Tadawul.
|
Dividend Details (2022) |
|
|
Current Capital |
SAR 10 bln |
|
Number of Shares |
1 bln |
|
Total Dividend |
SAR 500 mln |
|
Percentage of Capital |
5% (SAR 0.50 per share after Zakat) |
|
Record Date |
May 1, 2023 (Shareholders registered with the Securities Depository Center Co. (Edaa) by the close of trading on the second trading day after the EGM date |
|
Payment Date |
May 10, 2023 |
The board was also authorized to pay interim dividends on a semi-annual or quarterly basis for 2023.
Shareholders also greenlit the employee shares program, authorizing the board to determine its conditions including the allocation price for each share offered to employees.
They also approved the buyback of five million shares maximum as treasury shares, which will be allocated for the employee shares program. The buyback will be financed by the bank’s internal sources. The board, or whoever it delegates, was authorized to complete the repurchase within 12 months from the date of shareholders’ approval.
The repurchased shares will be retained by the bank for 10 years starting from the shareholders’ approval date. Afterwards, the bank will follow the applicable procedures in this regard.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 01/01/2023 | 01/05/2023 | 10/05/2023 | 500.00 | 0.40 | |
| 11/02/2020 | 26/04/2020 | 04/05/2020 | 375.00 | 0.30 | |
| 21/07/2019 | 25/07/2019 | 08/08/2019 | 300.00 | 0.24 | |
| 14/01/2018 | 11/04/2018 | 29/04/2018 | 240.00 | 0.19 | |
| 26/09/2017 | 01/10/2017 | 19/10/2017 | 180.00 | 0.14 | |
| 29/12/2016 | 08/05/2017 | 25/05/2017 | 300.00 | 0.24 | |
| 08/01/2015 | 14/04/2015 | 30/04/2015 | 200.00 | 0.16 |
| 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 | 0.80 | 16.94 | 4.72 % |
| Last 5 Financial years | 1.34 | 13.00 | 10.31 % |
| Last 10 Financial years | 2.08 | 11.21 | 18.52 % |
| P/E (TTM) | 17.84 |
| P/E Before Unusual Items (TTM) | 17.84 |
| P/BV | 2.79 |
| Dividend Yield | 1.10 % |
| Market Cap. (M) | 43,750.00 |
| Return on Average Assets | 1.76 % |
| Return on Average Equity | 16.47 % |
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