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 (H1 2024)

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

31.50
(0.20) (0.63 %)

Valuation Data (Latest Share Price)

P/E (TTM) 8.30
P/E Before Unusual Items (TTM) 8.30
P/BV 1.08
Dividend Yield 4.91 %
Market Cap. (M) 64,726.20
Return on Average Assets 2.12 %
Return on Average Equity 13.48 %

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