Zain KSA shareholders OK 5% cash dividend for 2022

02/07/2023 Argaam Exclusive

Mobile Telecommunication Company Saudi Arabia’s (Zain KSA) shareholders approved 5% cash dividend, or SAR 0.5 a share, for 2022 during the ordinary general meeting (OGM) held on June 22, the company said in a statement to Tadawul

 

Dividend Details (2022)

Current capital

SAR 8.98 bln

Number of shares

898.7 mln

Dividend

SAR 449.4 mln

Percentage of capital

5% (SAR 0.5 per share)

Record date

June 22, 2023 (Shareholders registered with Edaa by the close of the second trading day following the record date)

Payment date

July 12, 2023

 

According to the data available with Argaam, this will be the first cash dividend by Zain KSA since its listing on Tadawul in 2008.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
26/03/2023 22/06/2023 12/07/2023 449.36 0.50
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 0.50 11.97 4.18 %
Last 5 Financial years 0.50 7.51 6.65 %
Last 10 Financial years 0.50 14.89 3.36 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

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Valuation Data (Latest Share Price)

P/E (TTM) 23.38
P/E Before Unusual Items (TTM) 34.90
P/BV 0.92
Dividend Yield 3.55 %
Market Cap. (M) 9,850.08
Return on Average Assets 1.54 %
Return on Average Equity 3.90 %

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