ANB board declares 6.5% dividend for H1 2024

07/08/2024 Argaam Exclusive

Arab National Bank’s (ANB) board of directors declared, on Aug. 7, a 6.5% cash dividend for the first half of 2024 at SAR 0.65 per share, amounting to SAR 1.3 billion, according to a statement to Tadawul.

 

Dividend Details (H1 2024)

Current capital

SAR 20 bln

Number of shares

2 bln

Dividend

SAR 1.3 bln

Percentage of capital*

6.5% (SAR 0.65 per share)

Record date

Aug. 11, 2024

Payment date

Aug. 21, 2024

* After deducting Zakat

 

The bank obtained a no-objection from the Saudi Central Bank (SAMA) regarding the board’s decision to distribute interim cash dividends to shareholders for the first half of 2024.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
07/08/2024 11/08/2024 21/08/2024 1,300.00 0.65
06/02/2024 11/02/2024 25/02/2024 1,050.00 0.53
24/07/2023 27/07/2023 08/08/2023 975.00 0.49
21/12/2022 28/03/2023 11/04/2023 900.00 0.45
27/06/2022 29/06/2022 18/07/2022 750.00 0.38
22/12/2021 12/04/2022 21/04/2022 675.00 0.34
24/06/2021 05/07/2021 14/07/2021 525.00 0.26
04/03/2021 30/03/2021 12/04/2021 600.00 0.30
29/12/2019 30/03/2020 13/04/2020 750.00 0.38
04/07/2019 10/07/2019 24/07/2019 750.00 0.38
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 2.44 15.10 16.14 %
Last 5 Financial years 3.49 15.97 21.84 %
Last 10 Financial years 6.29 13.22 47.57 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

20.38
(0.52) (2.49 %)

Valuation Data (Latest Share Price)

P/E (TTM) 8.77
P/E Before Unusual Items (TTM) 8.28
P/BV 1.12
Dividend Yield 5.34 %
Market Cap. (M) 40,760.00
Return on Average Assets 2.03 %
Return on Average Equity 13.27 %

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