GIG board proposes 12% cash dividend for 2024

03/04/2025 Argaam Exclusive

Gulf Insurance Group’s (GIG) board of directors recommended, on March 27, the payment of a 12% cash dividend, or SAR 1.2 per share, for 2024.

 

Dividend Details (2024)

Current Capital

SAR 525 mln

Number of Shares

52.5 mln

Dividend

SAR 63 mln

Percentage of Capital

12% (SAR 1.2 per share)

Record Date

Shareholders of record and those registered with Edaa by the end of the second trading day following the general assembly date, which will be announced later

Payment Date

To be announced

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
03/04/2025 - - 63.00 1.20
14/04/2024 29/05/2024 30/06/2024 78.75 1.50
17/05/2023 18/06/2023 04/07/2023 25.00 0.48
17/03/2022 15/05/2022 02/06/2022 50.00 0.95
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 3.18 31.54 10.07 %
Last 5 Financial years 4.13 25.39 16.26 %
Last 10 Financial years 4.13 18.25 22.62 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

27.35
0.25 0.92 %

Valuation Data (Latest Share Price)

P/E (TTM) 14.62
P/E Before Unusual Items (TTM) 14.62
P/BV 1.32
Dividend Yield 3.79 %
Market Cap. (M) 1,435.88
Return on Average Assets 3.43 %
Return on Average Equity 9.11 %

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