Baazeem shareholders approve 11% cash dividend for H2 2022

03/05/2023 Argaam Exclusive

Baazeem Trading Co.’s shareholders approved the board’s recommendation to pay a cash dividend at 11%, or SAR 1.10 a share for H2 2022, during the ordinary general meeting, held on May 2, according to a statement to Tadawul.

Dividend Details (H2 2022)
Current Capital	SAR 101.25 mln
No. of Shares*	10.13 mln
Total Dividend	SAR 11.14 mln
Percentage of Capital	11% (SAR 1.10 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 17, 2023

Cash Dividend
Total Dividend	SAR 18.2 mln
Percentage of Capital	18% (SAR 1.8 a share)

Shareholders also approved authorizing the board of directors to distribute an interim dividend for 2023 on a semi-annual or a quarterly basis, the statement added.

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
16/03/2023	02/05/2023	17/05/2023	11.14	0.11	H 2 _ 2022
09/08/2022	16/08/2022	04/09/2022	7.09	0.07	H1 2022
13/03/2022	09/05/2022	23/05/2022	17.72	0.18	FY _ 2021
04/03/2021	22/04/2021	07/05/2021	17.72	0.18	FY 2020
15/03/2020	16/04/2020	30/04/2020	16.20	0.16	FY-2019
14/03/2019	18/04/2019	28/04/2019	15.18	0.15	The General Assembly approved 15 % cash dividend FY-2018
05/03/2018	02/05/2018	21/05/2018	17.21	0.17	The General Assembly approved 17 % cash dividend FY-2017
14/03/2017	22/05/2017	04/06/2017	17.21	0.17	The General Assembly approved 17% cash dividend FY-2016
01/12/2015	31/12/2015	31/12/2015	23.69	0.23	The General Assembly approved 23% cash dividend FY-2015
01/12/2014	31/12/2014	31/12/2014	24.31	2.40	The General Assembly approved 24% cash dividend FY-2014

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	0.54	8.65	6.18 %
Last 5 Financial years	0.87	2.90	30.00 %
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

Valuation Data (Latest Share Price)

P/E (TTM)	31.90
P/E Before Unusual Items (TTM)	31.90
P/BV	3.65
Dividend Yield	2.77 %
Market Cap. (M)	708.75
Return on Average Assets	9.09 %
Return on Average Equity	11.58 %

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