GIG shareholders OK 5% dividend for 2022

28/05/2023 Argaam Exclusive

Gulf Insurance Group's (GIG) shareholders approved a 5% cash dividend (SAR 0.5 per share) for 2022, during the ordinary general meeting (OGM) slated for June 18, according to a Tadawul statement. 

 

Dividend Details (2022)

Current Capital

SAR 500 mln

Number of Shares

50 mln

Total Dividend

SAR 25 mln

Percentage of Capital

5% (SAR 0.5 a share)

Record Date

June 18 (Shareholders registered with Edaa on the second day of trading following the OGM date)

Payment Date

To be announced later

 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
17/05/2023 18/06/2023 04/07/2023 25.00 0.48
17/03/2022 15/05/2022 02/06/2022 50.00 0.95
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 1.43 25.39 5.63 %
Last 5 Financial years 1.43 16.60 8.60 %
Last 10 Financial years 1.43 22.86 6.25 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

29.25
0.40 1.39 %

Valuation Data (Latest Share Price)

P/E (TTM) 20.21
P/E Before Unusual Items (TTM) 20.21
P/BV 1.44
Dividend Yield 5.70 %
Market Cap. (M) 1,535.63
Return on Average Assets 2.63 %
Return on Average Equity 7.32 %

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