Al-Babtain shareholders approve 5% dividend for 2022

04/06/2023 Argaam Exclusive

Shareholders of Al-Babtain Power and Telecommunication Co. approved the board’s recommendation to pay a 5% cash dividend, or SAR 0.50 a share, for 2022, during the ordinary general meeting (OGM) held on June 1, according to a statement to Tadawul.

Dividend Details (2022)
Current Capital	SAR 426.3 mln
No. of Shares	42.6 mln
Total Dividend	SAR 21.3 mln
Percentage of Capital	5% (SAR 0.50 a share)
Record Date	June 1, 2023 (Shareholders registered with the Securities Depository Center Co. (Edaa) by the close of the second trading day following the record date)
Payment Date	June 19, 2023

In a statement to Tadawul, Al-Babtain added that the board of directors was authorized to pay interim dividends on a quarterly or semi-annual basis for 2023.

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
02/04/2023	01/06/2023	19/06/2023	21.32	0.33	F Y _ 2022
30/03/2022	08/05/2022	25/05/2022	21.30	0.33	FY _ 2021
31/12/2020	21/01/2021	09/02/2021	42.63	0.67	FY - 2020
02/03/2020	09/03/2020	26/03/2020	21.30	0.33	Q4-2019
11/11/2019	20/11/2019	08/12/2019	21.30	0.33	The First 9 Months - 2019
24/03/2019	10/04/2019	25/04/2019	21.30	0.33	The General assembly approved 5% cash dividend for Q4-2018
07/11/2018	21/11/2018	10/12/2018	21.30	0.33	The General assembly approved 5% cash dividend for I3-2018
29/03/2018	10/04/2018	29/04/2018	21.30	0.33	The General assembly approved 5 % cash dividend for Q4-2017
28/11/2017	07/12/2017	26/12/2017	21.30	0.33	The General assembly approved 5% cash dividend for Q3-2017
03/08/2017	20/08/2017	10/09/2017	42.60	0.67	The General Assembly approved 10% cash dividend for H1-2017

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	1.67	20.83	8.00 %
Last 5 Financial years	3.00	13.09	22.91 %
Last 10 Financial years	8.33	21.26	39.17 %

Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	10.55
P/E Before Unusual Items (TTM)	11.11
P/BV	2.31
Dividend Yield	3.64 %
Market Cap. (M)	2,362.95
Return on Average Assets	7.73 %
Return on Average Equity	23.05 %

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