Tawuniya shareholders approve 10% cash dividend for 2022

08/06/2023 Argaam Exclusive

Shareholders of The Company for Cooperative Insurance (Tawuniya) approved the board’s recommendation to pay a cash dividend at 10% of capital, or SAR 1 a share, for 2022, during the extraordinary general meeting (EGM) held on June 7, as shown below:

Dividend Details (2022)
Current Capital	SAR 1.25 bln
Number of Shares	125 mln
Total Dividend	SAR 125 mln
Dividend (%)	10% (SAR 1 a share)
Record Date	June 7, 2022 (Shareholders of record registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day after the record date).
Payment Date	June 19, 2023

In a statement to Tadawul, the company pointed out that shareholders approved all other EGM agenda items, including business and contracts concluded with related parties.

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	F Y _ 2022
06/04/2021	29/04/2021	09/05/2021	100.00	0.67	FY 2020
15/02/2017	21/03/2017	27/03/2017	500.00	3.33	The General Assembly approved 50% cash dividend FY-2016
21/02/2016	21/03/2016	24/03/2016	100.00	0.67	The General Assembly approved 10 % cash dividend FY-2015
11/02/2015	16/03/2015	19/03/2015	145.00	0.97	The General Assembly approved 14.5% cash dividends for year 2014.
06/02/2012	12/03/2012	17/03/2012	262.50	1.75	The General Assembly approved 35% cash dividend for FY2011
12/02/2011	30/03/2011	06/04/2011	150.00	1.00	The General Assembly approved 30% cash dividend for FY2010
01/02/2010	09/03/2010	31/03/2010	200.00	1.33	The General Assembly approved 40% cash dividend for FY2009
07/02/2009	10/03/2009	26/03/2009	100.00	0.67	The General Assembly approved 20% cash dividend for FY2008
04/02/2008	11/03/2008	09/04/2008	500.00	3.33	The General Assembly approved 100% cash dividend for FY2007

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	1.50	63.58	2.36 %
Last 5 Financial years	1.50	77.75	1.93 %
Last 10 Financial years	6.47	23.01	28.11 %

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

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	20.60
P/E Before Unusual Items (TTM)	20.60
P/BV	4.52
Dividend Yield	0.77 %
Market Cap. (M)	19,440.00
Return on Average Assets	4.78 %
Return on Average Equity	24.04 %

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