Taiba shareholders OK 6.5% cash dividend for 2023

21/05/2024 Argaam Exclusive

Taiba Investments Co.’s shareholders, in their ordinary general meeting held on May 20, approved a board recommendation for the payment of a cash dividend at 6.5%, or SAR 0.65 a share, for 2023, according to a statement to Tadawul.

 

Dividends Details

Current Capital

SAR 2.6 bln

Number of Shares

260.46 mln

Total Dividends

SAR 169.30 mln

Percentage of Capital

6.5% (SAR 0.65 a share)

Record Date

May 20, 2024 including shareholders registered with Edaa on the second trading day following record date 

Payment Date

To be determined later

 

Meanwhile, shareholders approved all other items on the meeting’s agenda, including authorizing the board of directors to distribute interim dividend for 2024 on a semi-annual or quarterly basis.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
27/03/2024 20/05/2024 03/06/2024 169.30 0.65
15/11/2021 21/11/2021 05/12/2021 641.83 4.00
17/12/2020 29/03/2021 15/04/2021 80.23 0.50
16/07/2020 06/08/2020 20/08/2020 80.23 0.50
27/02/2020 25/03/2020 09/04/2020 72.21 0.45
13/11/2019 13/11/2019 28/11/2019 72.21 0.45
04/08/2019 06/08/2019 26/08/2019 72.21 0.45
12/06/2019 16/06/2019 30/06/2019 72.21 0.48
07/03/2019 09/04/2019 18/04/2019 75.00 0.50
05/11/2018 07/11/2018 15/11/2018 75.00 0.50
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 4.65 30.10 15.45 %
Last 5 Financial years 7.45 30.30 24.59 %
Last 10 Financial years 17.55 39.70 44.21 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

39.50
(0.15) (0.38 %)

Valuation Data (Latest Share Price)

P/E (TTM) 46.02
P/E Before Unusual Items (TTM) 31.39
P/BV 1.53
Dividend Yield 2.43 %
Market Cap. (M) 10,288.17
Return on Average Assets 3.09 %
Return on Average Equity 4.20 %

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