SAB board OKs 10% cash dividend for H1 2024

11/08/2024 Argaam Exclusive

Saudi Awwal Bank (SAB) board of directors approved on Aug. 9 distributing a cash dividend of SAR 1 a share (after Zakat), or 10% of capital, for H1 2024, the bank said in a statement to Tadawul.

 

Dividend Details (H2 2023)

Current capital

SAR 20.54 bln

Number of shares

2.05 bln

Total Dividend

SAR 2.05 bln

Percentage of capital

10% (SAR 1.00 per share) after Zakat

Record date

Aug. 15, 2024

Payment date

Aug. 28, 2024

 

The bank obtained a no-objection from the Saudi Central Bank (SAMA) to distribute 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
11/08/2024 15/08/2024 28/08/2024 2,055.00 1.00
11/02/2024 25/04/2024 13/05/2024 2,014.00 0.98
30/07/2023 13/08/2023 28/08/2023 1,808.00 0.88
14/02/2023 03/05/2023 18/05/2023 1,521.00 0.74
04/07/2022 13/07/2022 27/07/2022 1,130.00 0.55
21/02/2022 17/04/2022 25/04/2022 740.00 0.36
01/08/2021 05/08/2021 19/08/2021 1,027.00 0.50
01/01/2020 22/04/2020 05/05/2020 1,234.00 0.60
05/08/2019 19/08/2019 02/09/2019 1,185.00 0.58
27/12/2018 01/04/2019 10/04/2019 1,500.00 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 4.01 24.80 16.17 %
Last 5 Financial years 5.19 32.65 15.89 %
Last 10 Financial years 10.72 29.67 36.12 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

35.05
1.45 4.32 %
ajax loading

Valuation Data (Latest Share Price)

P/E (TTM) 9.29
P/E Before Unusual Items (TTM) 9.29
P/BV 1.23
Dividend Yield 4.91 %
Market Cap. (M) 72,020.74
Return on Average Assets 2.16 %
Return on Average Equity 13.42 %

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.