Alinma Bank shareholders to vote on 3% dividend for 2020 on April 7
Alinma Bank’s shareholders are set to vote on the board’s proposal for distributing a 3% cash dividend, or SAR 0.30 per share after deducting Zakat, for 2020, during the extraordinary general meeting on April 7, 2021.
|
Dividend Details (2020) |
|
|
Current Capital |
SAR 20 bln |
|
Number of shares |
2 bln |
|
Number of eligible shares for dividend |
1.987 bln |
|
Dividend |
SAR 596.12 mln |
|
Percentage of capital |
3% (SAR 0.30 per share after deducting Zakat) |
|
Record date |
April 7, 2021 (Shareholders registered with the Securities Depository Centre (Edaa) at the end of second trading day following the general assembly meeting, date of which will be announced later). |
|
Payment date |
April 21, 2021 |
The general assembly will also endorse the financial results, the board, and auditor’s reports for the fiscal year (FY) 2020.
Shareholders will vote on appointing an auditor from among nominees, discharging board members from liabilities during FY 2020, in addition to a board remuneration of SAR 6.5 million for the previous fiscal year.
They will also vote on authorizing the board of directors to distribute interim dividends on a semi-annual basis for 2021.
Shareholders will endorse on the formation of the bank’s Sharia committee for the next three-year term starting on April 7, 2021, as follows:
1- Abdul Rahman Bin Saleh Al Atram (Chairman).
2- Abdullah Bin Wiakayyil Alsheikh (member).
3- Sulaiman Bin Turkey Al Turkey (member).
4- Yousef Bin Abdullah Al Shubaili (member)
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 03/03/2021 | 07/04/2021 | 21/04/2021 | 596.12 | 0.24 | |
| 02/12/2018 | 26/03/2019 | 10/04/2019 | 1,489.97 | 0.60 | |
| 13/12/2017 | 10/04/2018 | 25/04/2018 | 1,191.96 | 0.48 | |
| 20/12/2016 | 06/04/2017 | 19/04/2017 | 745.00 | 0.30 | |
| 21/12/2015 | 28/03/2016 | 14/04/2016 | 745.00 | 0.30 | |
| 25/12/2014 | 16/03/2015 | 29/03/2015 | 745.00 | 0.30 |
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 | 0.83 | 11.44 | 7.29 % |
| Last 5 Financial years | 1.61 | 8.95 | 17.98 % |
| Last 10 Financial years | 2.21 | 6.33 | 34.84 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 11.05 |
| P/E Before Unusual Items (TTM) | 11.05 |
| P/BV | 1.98 |
| Dividend Yield | - |
| Market Cap. (M) | 70,700.00 |
| Return on Average Assets | 2.18 % |
| Return on Average Equity | 18.70 % |
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