SAB board OKs 10% cash dividend for H2 2024

05/02/2025 Argaam Exclusive

Saudi Awwal Bank (SAB) board of directors declared, on Feb. 4, a cash dividend of SAR 1 a share (after Zakat), or 10% of capital, for H2 2024, the bank said in a statement to Tadawul.

Dividend Details (H2 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 per share after Zakat)

Record date

Shareholders of record by the close of trading on the general meeting date and those registered with Edaa at the end of the second day following the general meeting

Payment date

To be announced later

 

Dividend Details (2024)

Dividend

SAR 4.11 bln

Percentage of Capital

20% (SAR 2 per share after Zakat)

The bank obtained a no-objection from the Saudi Central Bank (SAMA) to distribute cash dividends to shareholders for the second half of 2024.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
05/02/2025 - - 2,055.00 1.00
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
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 5.15 33.60 15.33 %
Last 5 Financial years 6.01 34.25 17.55 %
Last 10 Financial years 12.02 39.33 30.56 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

35.50
0.00 0.00 %

Valuation Data (Latest Share Price)

P/E (TTM) 9.04
P/E Before Unusual Items (TTM) 9.04
P/BV 1.13
Dividend Yield 5.94 %
Market Cap. (M) 72,945.40
Return on Average Assets 2.13 %
Return on Average Equity 13.21 %

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