SAIB board declares 3.6% dividend for H1 2024

11/08/2024 Argaam Exclusive

The Saudi Investment Bank’s (SAIB) board of directors approved on Aug. 10 a 3.6% cash dividend, at SAR 0.36 per share after Zakat, for the first half of 2024, the bank said in a statement to Tadawul.

 

Dividend Details (H1 2024) 

Current Capital 

SAR 12.5 bln 

Number of Shares* 

1.25 bln 

Total Dividend 

SAR 449.7 mln 

Percentage of Capital 

3.6% (SAR 0.36 per share after Zakat) 

Record Date 

Aug. 15, 2024

Payment Date 

Aug. 28, 2024

* 1.249 million shares eligible for dividend

 

SAIB obtained the approval of the Saudi Central Bank (SAMA) on the first-half dividend.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
11/08/2024 15/08/2024 28/08/2024 449.67 0.36
18/02/2024 25/02/2024 06/03/2024 450.00 0.36
30/07/2023 03/08/2023 15/08/2023 400.00 0.32
25/12/2022 10/04/2023 30/04/2023 450.00 0.36
24/07/2022 31/07/2022 14/08/2022 300.00 0.24
22/12/2021 01/02/2022 10/02/2022 525.00 0.42
04/03/2021 21/04/2021 02/05/2021 270.00 0.22
14/02/2018 24/04/2018 01/05/2018 450.00 0.36
06/12/2016 17/04/2017 20/04/2017 350.00 0.28
13/12/2015 04/04/2016 07/04/2016 487.50 0.39
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 1.70 9.57 17.77 %
Last 5 Financial years 1.92 10.29 18.62 %
Last 10 Financial years 3.33 13.89 23.98 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

13.90
(0.04) (0.29 %)

Valuation Data (Latest Share Price)

P/E (TTM) 9.17
P/E Before Unusual Items (TTM) 9.17
P/BV 1.13
Dividend Yield 5.33 %
Market Cap. (M) 17,375.00
Return on Average Assets 1.35 %
Return on Average Equity 12.99 %

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