GIG shareholders approve 5% cash dividend for 2022

19/06/2023 Argaam Exclusive

Shareholders of Gulf Insurance Group (GIG) approved a 5% cash dividend, or SAR 0.5 per share, for 2022, during the ordinary general meeting (OGM) held on June 18.

 

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, 2023 (Shareholders registered with Edaa on the second day of trading following the OGM date)

Payment Date

To be set 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 2.93 33.64 8.71 %
Last 5 Financial years 2.93 19.55 14.98 %
Last 10 Financial years 2.93 19.24 15.22 %
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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