AlJazira Takaful board recommends 3% dividend for 2023

22/05/2024 Argaam Exclusive

AlJazira Takaful Taawuni Co.’s (AlJazira Takaful) board of directors recommended today, May 22, distributing a cash dividend of SAR 0.3 per share, or 3% of capital, for 2023, the company said in a statement to Tadawul.

 

Cash Dividend (2023)

Capital

SAR 660 mln

Number of Shares

66 mln

Total Dividend

SAR 19.8 mln

Percentage of Capital

3% (SAR 0.3 per share)

Record Date

Shareholders registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the general assembly’s date.

Payment Date

To be announced later

 

The company obtained the Insurance Authority’s (IA) non-objection to distribute a cash dividend to shareholders for 2023, the statement added.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
22/05/2024 29/09/2024 10/10/2024 19.80 0.30
11/04/2018 20/05/2018 07/06/2018 24.50 0.50
01/03/2017 17/05/2017 05/06/2017 17.50 0.36
02/05/2016 29/05/2016 12/06/2016 17.50 0.36
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 0.30 17.64 1.70 %
Last 5 Financial years 0.30 12.62 2.38 %
Last 10 Financial years 1.51 37.97 3.98 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

16.56
(0.44) (2.59 %)

Valuation Data (Latest Share Price)

P/E (TTM) 25.05
P/E Before Unusual Items (TTM) 25.05
P/BV 1.13
Dividend Yield 1.76 %
Market Cap. (M) 1,092.96
Return on Average Assets 1.50 %
Return on Average Equity 4.64 %

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