Tawuniya shareholders to vote on 10% dividend for 2022 on June 7

15/05/2023 Argaam Exclusive

Shareholders of The Company for Cooperative Insurance (Tawuniya) are set to vote on a board recommendation to distribute a 10% cash dividend, at SAR 1 per share, for 2022, during the ordinary general assembly meeting (OGM) that will be held on June 7. 

 

Dividend Details (2022)

Current capital

SAR 1.25 bln

Number of shares

125 mln

Total dividend 

SAR 125 mln

Percentage of capital

10% (SAR 1 per share)

Record date

June 7, 2023 (Shareholders of record by the close of the second trading day following the OGM.

Payment date

To be announced

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
08/05/2023 07/06/2023 19/06/2023 125.00 0.83
06/04/2021 29/04/2021 09/05/2021 100.00 0.67
15/02/2017 21/03/2017 27/03/2017 500.00 3.33
21/02/2016 21/03/2016 24/03/2016 100.00 0.67
11/02/2015 16/03/2015 19/03/2015 145.00 0.97
06/02/2012 12/03/2012 17/03/2012 262.50 1.75
12/02/2011 30/03/2011 06/04/2011 150.00 1.00
01/02/2010 09/03/2010 31/03/2010 200.00 1.33
07/02/2009 10/03/2009 26/03/2009 100.00 0.67
04/02/2008 11/03/2008 09/04/2008 500.00 3.33
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 1.83 66.00 2.78 %
Last 5 Financial years 2.50 50.25 4.98 %
Last 10 Financial years 7.47 23.20 32.19 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

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Valuation Data (Latest Share Price)

P/E (TTM) 30.46
P/E Before Unusual Items (TTM) 30.46
P/BV 5.89
Dividend Yield 0.77 %
Market Cap. (M) 22,500.00
Return on Average Assets 4.09 %
Return on Average Equity 21.02 %

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