Bank Albilad shareholders to vote on 25% capital hike, 5% cash dividend on April 29
Shareholders of Bank Albilad will vote on the board’s proposal for the distribution of one bonus share for every four shares held to raise capital by capitalizing retained earnings during the extraordinary general meeting (EGM) scheduled for April 29.
They will also discuss the payment of a 5% cash dividend, or SAR 0.50 per share, for 2023, the bank said in a statement to Tadawul.
Capital Increase Highlights |
|
Current Capital |
SAR 10 bln |
Number of shares |
1 bln |
Capital increase (%) |
25% |
New Capital |
SAR 12.5 bln |
New Number of Shares |
1.25 bln |
Method |
Distributing one bonus share for every four shares held |
Nature & Value of Reserve |
Capitalizing SAR 2.5 bln of retained earnings |
Eligibility |
Shareholders registered with Edaa on the second trading day following the EGM date, to be set later |
Reason |
Strengthening the bank’s financial solvency and utilizing its resources for operating activities |
Dividend Details (2023) |
|
Current Capital |
SAR 10 bln |
Number of Shares |
1 bln |
Total Dividend |
SAR 500 mln |
Percentage of Capital* |
5% (SAR 0.50 per share after Zakat) |
Record Date |
Shareholders of record on the EGM date and those registered with Edaa by the close of trading on the second trading day after the meeting |
Payment Date |
May 16, 2024 |
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
05/02/2024 | 29/04/2024 | 16/05/2024 | 500.00 | 0.40 | |
01/01/2023 | 01/05/2023 | 10/05/2023 | 500.00 | 0.40 | |
11/02/2020 | 26/04/2020 | 04/05/2020 | 375.00 | 0.30 | |
21/07/2019 | 25/07/2019 | 08/08/2019 | 300.00 | 0.24 | |
14/01/2018 | 11/04/2018 | 29/04/2018 | 240.00 | 0.19 | |
26/09/2017 | 01/10/2017 | 19/10/2017 | 180.00 | 0.14 | |
29/12/2016 | 08/05/2017 | 25/05/2017 | 300.00 | 0.24 | |
08/01/2015 | 14/04/2015 | 30/04/2015 | 200.00 | 0.16 |
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 | 0.80 | 16.94 | 4.72 % |
Last 5 Financial years | 1.34 | 13.00 | 10.31 % |
Last 10 Financial years | 2.08 | 11.21 | 18.52 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 17.46 |
P/E Before Unusual Items (TTM) | 17.46 |
P/BV | 2.84 |
Dividend Yield | 1.10 % |
Market Cap. (M) | 45,812.50 |
Return on Average Assets | 1.80 % |
Return on Average Equity | 17.07 % |
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