Savola shareholders approve 6.6% cash dividend for 2022

11/05/2023 Argaam Exclusive

Savola Group’s shareholders approved a 6.6% dividend payout, or SAR 0.66 per share, for 2022, during the extraordinary general assembly meeting (EGM) held on May 10, the group said in a statement to Tadawul.

 

Dividend Details (2022)

Current Capital

SAR 5.33 bln

Number of Shares

533.98 mln

Total Dividend

SAR 352.4 mln

Percentage of Capital

6.6% (SAR 0.66 per share)

Record Date

Shareholders of record on May 10, 2023 and registered with Edaa by the close of the second trading day following the EGM

Payment Date

May 31, 2023

 

Shareholders also approved all the other items on the meeting’s agenda, including related-party business.

 

Meanwhile, they ratified the repurchase of 2.5 million Savola shares to be allocated for the Employees Long Term Incentive Program (LTIP). The repurchase will be financed from the company’s own resources.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
27/03/2023 10/05/2023 31/05/2023 352.40 0.39
01/02/2022 16/05/2022 06/06/2022 106.80 0.12
27/01/2021 28/04/2021 24/05/2021 400.49 0.44
29/01/2020 29/04/2020 20/05/2020 160.20 0.18
08/02/2018 27/05/2018 10/06/2018 533.98 0.59
20/10/2016 23/10/2016 06/11/2016 133.50 0.15
28/07/2016 31/07/2016 15/08/2016 133.50 0.15
20/04/2016 21/04/2016 05/05/2016 133.50 0.15
20/01/2016 19/04/2016 04/05/2016 266.99 0.29
19/10/2015 22/10/2015 05/11/2015 266.99 0.29
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 0.50 24.16 2.09 %
Last 5 Financial years 1.12 15.72 7.12 %
Last 10 Financial years 4.64 36.66 12.65 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

24.26
(0.32) (1.30 %)

Valuation Data (Latest Share Price)

P/E (TTM) 30.84
P/E Before Unusual Items (TTM) 35.27
P/BV 1.87
Dividend Yield 0.00 %
Market Cap. (M) 27,510.35
Return on Average Assets 2.79 %
Return on Average Equity 7.75 %

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