Ataa Educational Co.’s board of directors recommended, on Sept 28, increasing the company’s capital by 10% through one-for-ten bonus share distribution.
The board also recommended distributing a 10% cash dividend, or SAR 1 per share, for the fiscal year ended July 31, 2021.
|
Details of Capital Increase |
|
|
Current Capital |
SAR 400 mln |
|
Number of Shares |
40 mln |
|
Percentage of Increase |
10% (1 share for every 10 shares held) |
|
Capital after Increase |
SAR 440 mln |
|
Number of Shares after Increase |
44 mln |
|
Method of Increase |
Capitalizing SAR 40 mln from the company’s retained earnings account |
|
Reason for Increase |
To strengthen the company’s capital base and support its future activities |
|
Dividend Details (FY ended on July 31, 2021) |
|
|
Current Capital |
SAR 400 mln |
|
Number of Shares |
40 mln |
|
Dividend |
SAR 40 mln |
|
Percentage of Capital |
10% (SAR 1 per share) |
|
Record Date |
The end of the second trading day following the general assembly meeting, which will be announced later |
|
Payment Date |
To be announced later |
In a statement to Tadawul, Ataa Educational said the capital increase through bonus share distribution is subject to approvals from the official authorities and the extraordinary general assembly.
In the case there are any fractional shares, they will be collected into one investment portfolio and sold at a market price within 30 days from the date of determining the allocation of new shares due to each shareholder, the statement noted.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 29/09/2021 | 07/11/2021 | 21/11/2021 | 40.00 | 1.00 | |
| 26/10/2020 | 12/01/2021 | 26/01/2021 | 40.00 | 1.00 | |
| 30/10/2019 | 21/01/2020 | 29/01/2020 | 40.00 | 1.00 |
| 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 | 3.00 | 31.90 | 9.40 % |
| Last 5 Financial years | N/A | N/A | N/A |
| Last 10 Financial years | N/A | N/A | N/A |
| P/E (TTM) | 39.60 |
| P/E Before Unusual Items (TTM) | 40.87 |
| P/BV | 3.62 |
| Dividend Yield | 1.53 % |
| Market Cap. (M) | 2,798.99 |
| Return on Average Assets | 3.32 % |
| Return on Average Equity | 8.92 % |
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