Almarai Co.’s shareholders approved the board recommendation to distribute cash dividends at 10%, or SAR 1 a share, for 2023, during the extraordinary general meeting (EGM) held on April 2, according to a statement to Tadawul.
|
2023 Dividend Details |
|
|
Current Capital |
SAR 10 bln |
|
Number of Shares |
1 bln |
|
Total Dividend |
SAR 1 bln |
|
Percentage of Capital |
10% (SAR 1 a share) |
|
Record Date |
April 2, 2024 |
|
Date of Payment |
April 16, 2024 |
Shareholders also approved the buyback of up to 10 million shares to be allocated for the employee incentive program. The share repurchase will be financed from internal resources, the statement added.
Shareholders also authorized the board to finalize the repurchase within a maximum of 12 months from the EGM date and the company will retain the shares for up to seven years from the date of EGM approval until they are allocated to eligible employees.
After this period, the company will follow the procedures set out in the relevant laws and regulations.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 20/12/2023 | 02/04/2024 | 16/04/2024 | 1,000.00 | 1.00 | |
| 20/12/2022 | 11/04/2023 | 17/04/2023 | 1,000.00 | 1.00 | |
| 16/12/2021 | 12/04/2022 | 20/04/2022 | 1,000.00 | 1.00 | |
| 15/12/2020 | 13/04/2021 | 21/04/2021 | 1,000.00 | 1.00 | |
| 09/12/2019 | 05/04/2020 | 13/04/2020 | 850.00 | 0.85 | |
| 10/12/2018 | 07/04/2019 | 15/04/2019 | 850.00 | 0.85 | |
| 11/12/2017 | 09/04/2018 | 17/04/2018 | 750.00 | 0.75 | |
| 06/12/2016 | 26/03/2017 | 04/04/2017 | 720.00 | 0.72 | |
| 14/12/2015 | 03/04/2016 | 12/04/2016 | 690.00 | 0.69 | |
| 28/12/2014 | 05/04/2015 | 12/04/2015 | 600.00 | 0.60 |
| 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 | 3.00 | 54.00 | 5.56 % |
| Last 5 Financial years | 4.85 | 48.00 | 10.10 % |
| Last 10 Financial years | 8.46 | 31.88 | 26.54 % |
| P/E (TTM) | 23.52 |
| P/E Before Unusual Items (TTM) | 23.52 |
| P/BV | 2.86 |
| Dividend Yield | 1.79 % |
| Market Cap. (M) | 53,000.00 |
| Return on Average Assets | 6.32 % |
| Return on Average Equity | 12.50 % |
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