BSF board decides 10% dividend for H1 2024

05/08/2024 Argaam Exclusive

Banque Saudi Fransi (BSF) board of directors decided distributing a 10% cash dividend for the first half of 2024, at SAR 1 per share, during its meeting held on July 25, the bank said in a statement to Tadawul.

 

Dividend Details (H1 2024)

Current Capital 

SAR 12.05 bln 

Number of Shares*

1.20 bln 

Total Dividend

SAR 1.19 bln 

Percentage of Capital 

10% (SAR 1 per share after Zakat deduction) 

Eligibility 

Aug. 7, 2024 (Shareholders registered with Edaa at the end of the second trading day following the record day.)

Payout Date 

Aug. 26, 2024

* Number of shares eligible for distribution stands at 1.19 bln

 

BSF said it had obtained a no-objection from the Saudi Central Bank (SAMA) on Aug. 4 on the board’s recommendation to distribute cash dividends.

 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
05/08/2024 07/08/2024 26/08/2024 1,198.11 1.00
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
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 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 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

31.20
0.00 0.00 %

Valuation Data (Latest Share Price)

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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