SAB board recommends 9.8% cash dividend for H2 2023

11/02/2024 Argaam Exclusive

Saudi Awwal Bank (SAB) board of directors recommended, on Feb. 10, to distribute a 9.8% cash dividend, or SAR 0.98 a share, for H2 2023, the bank said in a statement to Tadawul.

 

Dividend Details (H2 2023)

Current capital

SAR 20.54 bln

Number of shares

2.05 bln

Dividend

SAR 2.01 bln

Percentage of capital

9.8% (SAR 0.98 per share) after Zakat

Record date

Shareholders of record until the end of the general meeting date and those registered with Edaa at the end of the second trading day following the general meeting date that will be announced later

Payment date

Later

 

Total Dividends (2023)

Total dividends

SAR 3.82 bln

Percentage of capital

18.6% (SAR 1.86 a share)

 

The bank added that it obtained the Saudi Central Bank's (SAMA) approval on H2 2023 dividends.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
11/02/2024 25/04/2024 13/05/2024 2,014.00 0.98
30/07/2023 13/08/2023 28/08/2023 1,808.00 0.88
14/02/2023 03/05/2023 18/05/2023 1,521.00 0.74
04/07/2022 13/07/2022 27/07/2022 1,130.00 0.55
21/02/2022 17/04/2022 25/04/2022 740.00 0.36
01/08/2021 05/08/2021 19/08/2021 1,027.00 0.50
01/01/2020 22/04/2020 05/05/2020 1,234.00 0.60
05/08/2019 19/08/2019 02/09/2019 1,185.00 0.58
27/12/2018 01/04/2019 10/04/2019 1,500.00 1.00
24/07/2018 02/08/2018 16/08/2018 1,440.00 0.96
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 4.01 24.80 16.17 %
Last 5 Financial years 5.19 32.65 15.89 %
Last 10 Financial years 10.72 29.67 36.12 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

31.50
(0.20) (0.63 %)

Valuation Data (Latest Share Price)

P/E (TTM) 8.30
P/E Before Unusual Items (TTM) 8.30
P/BV 1.08
Dividend Yield 4.91 %
Market Cap. (M) 64,726.20
Return on Average Assets 2.12 %
Return on Average Equity 13.48 %

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