BSF board recommends 5% dividend for H2 2024

30/01/2025 Argaam Exclusive

Banque Saudi Fransi (BSF) board of directors recommended distributing a 5% cash dividend for the second half of 2024, at SAR 0.5 per share, during its meeting held on Jan. 29, according to a Tadawul statement.

 

Dividend Details (H2 2024)

Current Capital 

SAR 25 bln 

Number of Shares*

2.5 bln 

Total Dividend

SAR 1.24 bln 

Percentage of Capital 

5% (SAR 0.5 per share after Zakat deduction) 

Eligibility 

Shareholders registered with Edaa at the end of the second trading day following the general meeting, which will be announced later

Payout Date 

To be announced

* Number of shares eligible for distribution stands at 2.491 bln

 

The bank obtained a no-objection from the Saudi Central Bank (SAMA), on Jan. 29, on the board’s recommendation on dividend payout.

 

According to data available on Argaam, BSF’s shareholders approved, in December 2024, a 107.4% capital increase from SAR 12.05 billion to SAR 25 billion, through a bonus share issue.

 

The bank also distributed a 10% cash dividend for H1 2024 at SAR 1 per share before the capital hike.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
30/01/2025 - - 1,245.67 0.50
05/08/2024 07/08/2024 26/08/2024 1,198.11 0.48
06/02/2024 22/05/2024 11/06/2024 1,197.74 0.48
26/07/2023 03/08/2023 20/08/2023 1,139.52 0.46
13/12/2022 24/05/2023 12/06/2023 1,079.63 0.43
30/06/2022 21/07/2022 04/08/2022 900.64 0.36
23/12/2021 12/06/2022 30/06/2022 1,019.96 0.41
04/07/2021 11/07/2021 05/08/2021 779.97 0.31
02/03/2021 05/05/2021 31/05/2021 479.98 0.19
30/12/2019 13/05/2020 08/06/2020 1,199.68 0.48
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 2.70 23.08 11.72 %
Last 5 Financial years 3.62 18.09 19.99 %
Last 10 Financial years 7.08 15.35 46.09 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

16.06
0.06 0.38 %

Valuation Data (Latest Share Price)

P/E (TTM) 8.84
P/E Before Unusual Items (TTM) 8.84
P/BV 1.04
Dividend Yield 6.17 %
Market Cap. (M) 40,150.00
Return on Average Assets 1.66 %
Return on Average Equity 12.12 %

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