GIG shareholders approve 15% cash dividend for 2023

30/05/2024 Argaam Exclusive

Gulf Insurance Group’s (GIG) shareholders approved the board of directors’ recommendation to distribute a 15% cash dividend, or SAR 1.5 per share, for 2023, during the ordinary general meeting held on May 29, according to a Tadawul statement

 

Cash Dividend (2023)

Capital

SAR 525 mln

Number of Shares

52.5 mln

Total Dividend

SAR 78.75 mln

Percentage of Capital

15% (SAR 1.5 per share)

Record Date

May 29, 2024

Payment Date

To be announced later

 

Additionally, shareholders approved all other items on the meeting's agenda, the statement added.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
14/04/2024 29/05/2024 30/06/2024 78.75 1.50
17/05/2023 18/06/2023 04/07/2023 25.00 0.48
17/03/2022 15/05/2022 02/06/2022 50.00 0.95
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 2.93 33.64 8.71 %
Last 5 Financial years 2.93 19.55 14.98 %
Last 10 Financial years 2.93 19.24 15.22 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

29.25
0.40 1.39 %

Valuation Data (Latest Share Price)

P/E (TTM) 20.21
P/E Before Unusual Items (TTM) 20.21
P/BV 1.44
Dividend Yield 5.70 %
Market Cap. (M) 1,535.63
Return on Average Assets 2.63 %
Return on Average Equity 7.32 %

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