AlJazira Takaful shareholders approve 3% dividend for 2023

30/09/2024 Argaam Exclusive

AlJazira Takaful Taawuni Co.’s shareholders approved the proposed cash dividend at 3%, or SAR 0.3 per share, for 2023, during the extraordinary general meeting (EGM) held on Sept. 29, according to a statement to Tadawul.

 

Dividend Details

Current Capital

SAR 660 mln

Number of Shares

66 mln

Total Dividends

SAR 19.8 mln

Percentage of Capital

3% (SAR 0.3 per share)

Record Date

Sept. 29, 2024, and for shareholders of record with Edaa by the close of the second trading day following the EGM date

Payment Date

Oct. 10, 2024

 

Meanwhile, shareholders approved amending the company’s bylaws to comply with the new Companies Law, as well as rearranging the articles and numbering them to be compatible with the proposed amendments.

 

The EGM also ratified amending the Corporate Governance Manual, the statement added.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
Data not available
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 N/A 32.12 N/A
Last 5 Financial years N/A 26.92 N/A
Last 10 Financial years N/A 10.73 N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 44.60
P/E Before Unusual Items (TTM) 47.38
P/BV 8.77
Dividend Yield -
Market Cap. (M) 17,500.00
Return on Average Assets 4.82 %
Return on Average Equity 21.82 %

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