SNB board declares 10% cash dividend for H2 2024

29/01/2025 Argaam Exclusive

Saudi National Bank’s (SNB) board of directors declared today, Jan. 29, a 10% cash dividend, at SAR 1 per share after Zakat, for the second half of 2024.

 

Dividend Details (H2 2024)

Current capital

SAR 60 bln

Number of shares

6 bln

Dividend

SAR 6 bln

Percentage of capital

10% (SAR 1 per share after Zakat)

Record date

Feb. 9, 2025

Payment date

Feb. 24, 2025

  

Total Dividends (2024)

Total Dividends

SAR 11.4 bln

Percentage of Capital

19% (SAR 1.90 a share)

 

The bank has obtained the Saudi Central Bank’s (SAMA) approval on the board’s H2 2024 cash dividend proposal, the statement said.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
29/01/2025 09/02/2025 24/02/2025 6,000.00 1.00
06/08/2024 11/08/2024 25/08/2024 5,400.00 0.90
25/02/2024 01/05/2024 14/05/2024 5,400.00 0.90
26/07/2023 01/08/2023 13/08/2023 5,100.00 0.85
12/01/2023 07/05/2023 18/05/2023 2,686.80 0.45
03/07/2022 13/07/2022 21/07/2022 4,925.80 0.82
27/01/2022 17/04/2022 26/04/2022 4,030.20 0.67
09/08/2021 12/08/2021 23/08/2021 2,910.70 0.49
04/04/2021 06/05/2021 23/05/2021 3,582.40 0.60
26/12/2019 31/03/2020 09/04/2020 3,600.00 0.90
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 4.92 48.36 10.17 %
Last 5 Financial years 6.67 36.31 18.38 %
Last 10 Financial years 12.35 27.85 44.35 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

34.20
0.15 0.44 %

Valuation Data (Latest Share Price)

P/E (TTM) 9.68
P/E Before Unusual Items (TTM) 9.68
P/BV 1.16
Dividend Yield 5.69 %
Market Cap. (M) 205,200.00
Return on Average Assets 1.98 %
Return on Average Equity 12.54 %

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.