BSF board recommends 10% dividend for H2 2023

06/02/2024 Argaam Exclusive

Banque Saudi Fransi (BSF) board of directors on Feb. 5 recommended a 10% cash dividend for the second half of 2023, at SAR 1 per share, the bank said in a statement to Tadawul.

 

Dividend Details (H2 2023)

Current Capital 

SAR 12.05 bln 

Number of Shares*

1.20 bln 

Total Dividend

SAR 1.19 bln 

Percentage of Capital 

10% (SAR 1 per share after Zakat deduction) 

Eligibility 

Shareholders registered with Edaa at the end of the second trading day following the general assembly

Payout Date 

To be announced

*Number of eligible shares is 1.19 bln

 

Dividend Details (2023)

Total Dividend

SAR 2.33 bln 

Percentage of Capital 

19.5% (SAR 1.95 per share ) 

 

BSF said it had obtained a no-objection from the Saudi Central Bank on Feb. 5 on the board’s recommendation to distribute cash dividends.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
06/02/2024 22/05/2024 11/06/2024 1,197.74 1.00
26/07/2023 03/08/2023 20/08/2023 1,139.52 0.95
13/12/2022 24/05/2023 12/06/2023 1,079.63 0.90
30/06/2022 21/07/2022 04/08/2022 900.64 0.75
23/12/2021 12/06/2022 30/06/2022 1,019.96 0.85
04/07/2021 11/07/2021 05/08/2021 779.97 0.65
02/03/2021 05/05/2021 31/05/2021 479.98 0.40
30/12/2019 13/05/2020 08/06/2020 1,199.68 1.00
03/07/2019 11/07/2019 29/07/2019 1,199.69 1.00
27/12/2018 01/05/2019 16/05/2019 959.49 0.80
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 5.10 31.60 16.14 %
Last 5 Financial years 7.49 31.10 24.08 %
Last 10 Financial years 13.62 26.40 51.60 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

31.40
0.20 0.64 %

Valuation Data (Latest Share Price)

P/E (TTM) 8.90
P/E Before Unusual Items (TTM) 8.90
P/BV 0.99
Dividend Yield 4.85 %
Market Cap. (M) 37,849.56
Return on Average Assets 1.58 %
Return on Average Equity 11.75 %

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