Banque Saudi Fransi’s (BSF) shareholders approved the board’s recommendation to pay a cash dividend at 10% of capital, or SAR 1 a share, for H2 2023, during the extraordinary general meeting (EGM), held on May 22, according to a statement to Tadawul.
|
Cash Dividends Details |
|
|
Current Capital |
SAR 12.05 bln |
|
Number of Shares* |
1.2 bln |
|
Total Dividends |
SAR 1.19 bln |
|
Percentage of Capital |
10% or SAR 1 a share, post-Zakat deduction |
|
Record Date |
May 22, 2024 (Shareholders of record and those registered with Edaa on the second trading day following the record date) |
|
Payment Date |
June 11, 2024 |
|
(2023) Dividends Total |
|
|
Total Dividends |
SAR 2.33 bln |
|
Percentage of Capital |
19.5% (SAR 1.95 a share) |
*Shares eligible for dividends are 1.19 bln
Shareholders also authorized the board to pay an interim dividend on a semi-annual or quarterly basis, for 2024.
They further endorsed the employee share plan (share-based employee remuneration plan), while authorizing the board to approve any related future amendments.
In addition, shareholders approved a share buyback of a maximum of 2.86 million shares to be allocated to the bank’s share-based employee remuneration plans. The repurchase will be financed through the bank's own resources, and the board of directors will be authorized to complete the repurchase process within a maximum period of 12 months.
from the date of the EGM decision. The repurchased shares will be retained for a period not exceeding 10 years from the EGM date until they are allocated to the eligible employees. Once the said period lapses, the bank shall follow the rules and procedures stipulated in the relevant laws and regulations.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 06/02/2024 | 22/05/2024 | 11/06/2024 | 1,197.74 | 1.00 | |
| 26/07/2023 | 03/08/2023 | 20/08/2023 | 1,139.52 | 0.95 | |
| 13/12/2022 | 24/05/2023 | 12/06/2023 | 1,079.63 | 0.90 | |
| 30/06/2022 | 21/07/2022 | 04/08/2022 | 900.64 | 0.75 | |
| 23/12/2021 | 12/06/2022 | 30/06/2022 | 1,019.96 | 0.85 | |
| 04/07/2021 | 11/07/2021 | 05/08/2021 | 779.97 | 0.65 | |
| 02/03/2021 | 05/05/2021 | 31/05/2021 | 479.98 | 0.40 | |
| 30/12/2019 | 13/05/2020 | 08/06/2020 | 1,199.68 | 1.00 | |
| 03/07/2019 | 11/07/2019 | 29/07/2019 | 1,199.69 | 1.00 | |
| 27/12/2018 | 01/05/2019 | 16/05/2019 | 959.49 | 0.80 |
| 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 | 5.10 | 31.60 | 16.14 % |
| Last 5 Financial years | 7.49 | 31.10 | 24.08 % |
| Last 10 Financial years | 13.62 | 26.40 | 51.60 % |
| P/E (TTM) | 8.84 |
| P/E Before Unusual Items (TTM) | 8.84 |
| P/BV | 0.99 |
| Dividend Yield | 4.85 % |
| Market Cap. (M) | 37,608.48 |
| Return on Average Assets | 1.58 % |
| Return on Average Equity | 11.75 % |
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