Bahri shareholders approve 5.5% dividend for 2023

05/06/2024 Argaam Exclusive

National Shipping Company of Saudi Arabia’s (Bahri) shareholders approved the board’s recommendation to distribute a cash dividend at 5.5%, or SAR 0.55 a share, for 2023, during the ordinary general meeting (OGM) held on June 5, according to a statement to Tadwul.

 

2023 Dividend Details

Current Capital

SAR 7.38 bln

Number 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 (Shareholders of record registered with Edaa on the second trading day following the general meeting)

Date of Payment

July 1, 2024 

 

They also endorsed the board’s proposal to allocate 2% of annual net income to be disbursed annually as of 2024 to the sustainability program and authorize the board to approve governance and strategy, the statement added.

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) 10.04
P/E Before Unusual Items (TTM) 11.84
P/BV 1.60
Dividend Yield 2.49 %
Market Cap. (M) 21,040.98
Return on Average Assets 8.65 %
Return on Average Equity 17.06 %

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