Bahri shareholders to vote on 5.5% cash dividend for 2023 on June 4

12/05/2024 Argaam Exclusive

National Shipping Company of Saudi Arabia’s (Bahri) shareholders are set to vote on a board recommendation for a cash dividend payment at 5.5%, or SAR 0.55 a share, for 2023, during the ordinary general assembly meeting (OGM) slated for June 4, according to a statement to Tadawul.

 

Cash Dividend (2023)

Current Capital

SAR 7.38  bln

No. of Shares

738.28 mln

Total Dividend

SAR 406.05 mln

Percentage of Capital

5.5% (SAR 0.55 a share)

Record Date

June 4, 2024, including shareholders registered with Edaa on the second trading day following the record date

Payment Date

To be determined

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
19/03/2024 04/06/2024 01/07/2024 406.05 0.55
15/03/2023 19/06/2023 16/07/2023 246.09 0.33
21/09/2021 05/10/2021 24/10/2021 393.75 0.53
28/01/2021 26/04/2021 09/05/2021 393.75 0.53
21/09/2020 05/10/2020 22/10/2020 393.75 0.53
20/01/2020 20/04/2020 10/05/2020 393.75 0.53
29/09/2019 13/10/2019 31/10/2019 196.88 0.27
11/12/2018 14/04/2019 28/04/2019 590.63 0.80
14/12/2017 17/04/2018 03/05/2018 590.63 0.80
18/12/2016 16/01/2017 31/01/2017 984.38 1.33
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 1.42 21.45 6.60 %
Last 5 Financial years 3.28 17.74 18.51 %
Last 10 Financial years 8.62 15.53 55.50 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 10.02
P/E Before Unusual Items (TTM) 11.26
P/BV 1.60
Dividend Yield 2.49 %
Market Cap. (M) 21,004.07
Return on Average Assets 8.60 %
Return on Average Equity 17.06 %

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