Amlak shareholders approve 8% cash dividend for 2022

03/05/2023 Argaam Exclusive

Amlak International Finance Co.’s shareholders approved the board’s recommendation to pay a cash dividend at 8%, or SAR 0.80 a share for 2022, during the ordinary general meeting (OGM) held on May 2, according to a statement to Tadawul.

 

Dividend Details (2022)

Current Capital

SAR 906 mln

Number of Shares

90.60 mln

Total Dividend

SAR 72.48 mln

Percentage of Capital

8% (SAR 0.80 a share)

Record Date

May 2, 2023 (Shareholders of record registered with Edaa on the second trading day following the OGM date)

Payment Date

May 15, 2023

 

Shareholders also approved the business contracts between Amlak and Saudi Investment Bank (SAIB), where board members Majed Abdulghani Fakeeh, General Manager of Corporate Banking at SAIB and Khalid bin Abdulaziz Al Rayes, CEO of Alistithmar Capital, 100% owned by SAIB, have indirect interest. SAIB owns 22.4% of shares represented in Amlak International. These contracts entailed the renewal of SAR 664.50 mln credit facilities for one year.

 

The outstanding facilities are valued at SAR 592.31 million by the end of 2022, without preferential terms.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
14/11/2022 21/11/2022 30/11/2022 38.84 0.43
19/07/2022 26/07/2022 09/08/2022 129.09 1.43
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 N/A N/A N/A
Last 5 Financial years N/A N/A N/A
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

69.60
(0.90) (1.28 %)

Valuation Data (Latest Share Price)

P/E (TTM) 43.92
P/E Before Unusual Items (TTM) 43.92
P/BV 5.15
Dividend Yield 2.35 %
Market Cap. (M) 6,264.00
Return on Average Assets 9.37 %
Return on Average Equity 11.75 %

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