BCI shareholders approve 10% cash dividend for 2022

15/06/2023 Argaam Exclusive

Shareholders of Basic Chemical Industries Co. approved the board’s recommendation to pay a cash dividend at 10%, or SAR 1 a share, for 2022, during the ordinary general meeting (OGM) held on June 14.

Dividend Details (2022)
Current Capital	SAR 275 mln
No. of Shares	27.5 mln
Total Dividend	SAR 27.5 mln
Percentage of Capital	10% (SAR 1 a share)
Record Date	June 14, 2023 (Shareholders of record registered with the Securities Depository Center Co. at the end of the second trading day following the record date)
Payment Date	July 2, 2023

In a statement on Tadawul, the company said that shareholders agreed to authorize the board to distribute interim dividends semi-annually or quarterly for 2023.

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
22/03/2023	14/06/2023	02/07/2023	27.50	1.00	F Y _ 2022
19/12/2019	09/03/2020	17/03/2020	27.50	1.00	the first nine months - 2019
27/02/2018	15/05/2018	06/06/2018	27.50	1.00	The General Assembly approved 10 % cash dividend FY-2017
05/03/2017	10/05/2017	23/05/2017	27.50	1.00	The General Assembly approved 10% cash dividend FY-2016
10/04/2016	15/05/2016	09/06/2016	27.50	1.00	The General Assembly approved 10 % cash dividend FY-2015
19/01/2015	28/04/2015	07/05/2015	27.50	1.00	The General Assembly approved 10% cash dividend for 2014
13/01/2014	21/04/2014	11/05/2014	27.50	1.00	The General Assembly approved 10% cash dividend for FY2013
12/01/2013	21/04/2013	13/05/2013	41.50	1.51	The General Assembly approved 15% cash dividend for FY2012
25/01/2012	01/05/2012	16/05/2012	27.50	1.00	The General Assembly approved 10% cash dividend for FY2011
11/12/2010	05/04/2011	24/04/2011	27.50	1.00	The General Assembly approved 10% cash dividend for FY2010

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	1.00	32.55	3.07 %
Last 5 Financial years	2.00	21.94	9.12 %
Last 10 Financial years	6.00	33.20	18.07 %

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

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	45.51
P/E Before Unusual Items (TTM)	More than 100
P/BV	1.39
Dividend Yield	-
Market Cap. (M)	827.75
Return on Average Assets	1.44 %
Return on Average Equity	3.10 %

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