Care EGM to vote on 20% dividend for 2023, reserve transfer on May 22

29/04/2024 Argaam Exclusive

National Medical Care Co.’s (Care) shareholders are set to vote on a board recommendation to distribute a 20% cash dividend, or SAR 2 per share, for 2023, in an extraordinary general meeting to be held on May 22 according to a Tadawul statement.

 

Dividend Details (2023)

Current capital

SAR 448.5 mln

Number of shares

44.85 mln

Total Dividend

SAR 89.70 mln

Percentage of capital

20% (SAR 2 per share)

Record date

May 22 including shareholders of record at the end of the second trading day following the record date.

Payment date

Later

 

Shareholders will also vote on the transfer of the statutory reserve balance of SAR 186.02 million as of Dec. 31, 2023 to retained earnings account.

 

Meanwhile, they will vote on the repurchase of 160,000 ordinary shares maximum to allocate them for the employee stock incentive program.

 

The repurchase will be financed from the company's resources.

 

The board will complete the purchase process within a maximum period of 12 months from the date of the EGM decision, provided that the purchased shares are kept for a period not exceeding 10 years from the approval date. After the expiry of this period, the company follows the procedures and controls stipulated in the relevant laws and regulations.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
22/04/2024 22/05/2024 12/06/2024 89.70 2.00
21/03/2023 19/06/2023 10/07/2023 44.85 1.00
19/04/2022 17/05/2022 31/05/2022 44.85 1.00
28/03/2021 27/05/2021 16/06/2021 44.85 1.00
26/01/2020 15/04/2020 23/04/2020 89.70 2.00
24/03/2019 23/04/2019 09/05/2019 44.85 1.00
18/02/2018 15/04/2018 22/04/2018 44.85 1.00
30/03/2016 27/04/2016 06/06/2016 33.64 0.75
23/02/2015 09/04/2015 07/05/2015 69.50 1.55
06/02/2014 17/03/2014 26/03/2014 69.50 1.55
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 4.00 51.30 7.80 %
Last 5 Financial years 7.00 50.10 13.97 %
Last 10 Financial years 11.30 54.50 20.73 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

163.00
(2.00) (1.21 %)

Valuation Data (Latest Share Price)

P/E (TTM) 26.80
P/E Before Unusual Items (TTM) 29.97
P/BV 4.77
Dividend Yield 1.15 %
Market Cap. (M) 7,355.40
Return on Average Assets 13.26 %
Return on Average Equity 18.69 %

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