Alinma Bank board OKs 3% cash dividend for Q3 2024

24/10/2024 Argaam Exclusive

Alinma Bank’s board of directors approved today, Oct. 24, the distribution of a 3% cash dividend, at SAR 0.30 a share (after Zakat), for Q3 2024, according to a Tadawul filing a Tadawul filing.

 

 

Dividend Details (Q3 2024)

Current capital

SAR 25 bln

Number of shares*

2.5 bln

Total dividend

SAR 745.67 mln

Percentage of capital

3% (SAR 0.30 a share after Zakat)

Record date

Nov. 7, 2024 (Shareholders of record and registered with Edaa by the end of the second trading day following the record date)

Payment date

Nov. 21, 2024

*Shares eligible for the dividend payout amount to 2.48 mln

 

Total Dividend (9M 2024)

Total Dividend

SAR 1.98 bln

Percentage of Capital

8% (SAR 0.8 a share)

 

Alinma Bank confirmed receiving the Saudi Central Bank’s (SAMA) no-objection on the third-quarter dividend payment.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
24/10/2024 07/11/2024 21/11/2024 745.67 0.30
05/08/2024 18/08/2024 01/09/2024 621.37 0.25
05/05/2024 19/05/2024 02/06/2024 621.39 0.25
25/10/2023 08/11/2023 22/11/2023 596.18 0.24
27/07/2023 09/08/2023 23/08/2023 596.16 0.24
15/05/2023 29/05/2023 12/06/2023 498.05 0.20
21/12/2022 30/04/2023 11/05/2023 996.10 0.40
17/07/2022 31/07/2022 14/08/2022 896.12 0.36
30/12/2021 13/04/2022 25/04/2022 795.13 0.32
01/08/2021 08/08/2021 22/08/2021 695.74 0.28
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 2.03 12.88 15.76 %
Last 5 Financial years 2.27 13.87 16.35 %
Last 10 Financial years 4.23 8.97 47.21 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

28.05
0.40 1.45 %

Valuation Data (Latest Share Price)

P/E (TTM) 12.45
P/E Before Unusual Items (TTM) 12.45
P/BV 2.16
Dividend Yield 2.19 %
Market Cap. (M) 70,000.00
Return on Average Assets 2.25 %
Return on Average Equity 18.48 %

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