Gulf Insurance Group’s (GIG) board of directors recommended, on April 4, the payout of a 15% cash dividend, or SAR 1.5 per share, for 2023, according to a Tadawul statement.
|
Dividend Details (2023) |
|
|
Current capital |
SAR 525 mln |
|
Number of shares |
52.5 mln |
|
Total dividend |
SAR 78.75 |
|
Percentage of capital |
15% (SAR 1.5/share) |
|
Record date |
Shareholders on the date of the general assembly, and those registered with Edaa at the close of the second trading day following the general assembly date, which will be announced later after obtaining regulatory approvals |
|
Payment date |
To be set later after obtaining EGM and related authorities’ approvals |
The insurer stated that it obtained non-objection from the Insurance Authority (IA) on April 4.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 14/04/2024 | 29/05/2024 | 30/06/2024 | 78.75 | 1.50 | |
| 17/05/2023 | 18/06/2023 | 04/07/2023 | 25.00 | 0.48 | |
| 17/03/2022 | 15/05/2022 | 02/06/2022 | 50.00 | 0.95 |
| 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 | 2.93 | 33.64 | 8.71 % |
| Last 5 Financial years | 2.93 | 19.55 | 14.98 % |
| Last 10 Financial years | 2.93 | 19.24 | 15.22 % |
| P/E (TTM) | 32.90 |
| P/E Before Unusual Items (TTM) | 32.90 |
| P/BV | 1.65 |
| Dividend Yield | 5.70 % |
| Market Cap. (M) | 1,698.38 |
| Return on Average Assets | 1.88 % |
| Return on Average Equity | 5.01 % |
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