Bank Aljazira shareholders to vote on 3% dividends for H2 2019 on April 15
Bank Aljazira’s shareholders are set to vote on the board’s recommendation to distribute a 3% cash dividend, or SAR 0.3 per share, for the second half of 2019, during the ordinary general meeting (OGM) that will be held on April 15.
Shareholders will be able to participate and vote on agenda items through Tadawulaty services offered by the Securities Depository Center Co. (Edaa).
The move is in line with the Capital Market Authority’s (CMA) decision to suspend personal attendance at general meetings to contain the spread of Coronavirus.
| Dividend Details (H2 2019) | ||
| Current Capital | SAR 8.2 bln | |
| Number of shares | 820 mln | |
| Dividend* | SAR 246 mln | |
| Percentage of capital | 3% (SAR 0.3 per share) | |
| Record date | April 15, 2020 (including those who own shares and are registered at the Securities Depository Center 2 days after this date) | |
| Payment date | To be determined | |
| Dividend for FY 2019 | ||
| Total dividend | SAR 492 mln | |
| Percentage of capital | 6% (SAR 0.6 per share) | |
*After deducting Zakat for 820 million outstanding shares
Shareholders will also vote on the board’s annual report and the financial statements for the fiscal year ended Dec. 31, 2019.
Moreover, they will vote on appointing an external auditor among candidates, the statement said.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes | 
| 26/01/2020 | 15/04/2020 | 05/05/2020 | 246.00 | 0.19 | |
| 01/08/2019 | 04/08/2019 | 26/08/2019 | 246.00 | 0.19 | |
| 06/01/2019 | 16/04/2019 | 05/05/2019 | 410.00 | 0.32 | |
| 08/02/2018 | 09/05/2018 | 23/05/2018 | 262.40 | 0.30 | |
| 09/03/2017 | 10/04/2017 | 23/04/2017 | 200.00 | 0.23 | |
| 31/12/2011 | 04/04/2012 | 14/04/2012 | 150.00 | 0.17 | |
| 07/01/2009 | 19/04/2009 | 25/04/2009 | 150.00 | 0.17 | |
| 10/12/2007 | 16/04/2008 | 29/04/2008 | 112.50 | 0.13 | |
| 29/10/2006 | 30/04/2007 | 05/05/2007 | 225.00 | 0.25 | |
| 12/12/2005 | 20/06/2006 | 27/06/2006 | 45.00 | 0.05 | 
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 | 1.00 | 6.38 | 15.68 % | 
| Last 5 Financial years | 1.23 | 12.56 | 9.76 % | 
| Last 10 Financial years | 1.39 | 6.42 | 21.72 % | 
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Valuation Data (Latest Share Price)
| P/E (TTM) | 11.37 | 
| P/E Before Unusual Items (TTM) | 11.37 | 
| P/BV | 1.09 | 
| Dividend Yield | - | 
| Market Cap. (M) | 16,182.19 | 
| Return on Average Assets | 0.92 % | 
| Return on Average Equity | 9.95 % | 
 
                                            
                                            
                                            
                                            
                                             
                
             
        
     
                 
                
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