Al Hammadi board recommends 33% bonus issue, 4% dividend for Q1 2022
Al Hammadi Company for Development and Investment’s board of directors recommended today, March 24, a 33% capital increase to SAR 1.6 billion from SAR 1.2 billion, through issuing one bonus share for every three shares held, the company said in a bourse statement.
The board also recommended distributing a 4% cash dividend for Q1 2022, at SAR 0.4 per share.
|
Details of Capital Increase |
|
|
Current capital |
SAR 1.2 bln |
|
Number of shares |
120 mln |
|
Capital hike% |
33% (one share for every 3 shares held) |
|
Capital after increase |
SAR 1.6 bln |
|
Number of shares after increase |
160 mln |
|
Objective of capital hike |
To enhance capital base, which contributes to strengthening the company's growth plans, future activities and maximizing total returns to shareholders. |
|
Method of increase |
By capitalizing SAR 400 million from retained earnings |
|
Record date |
Shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day after the eligibility date. |
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Dividend Details |
|
|
Dividend |
SAR 48 mln |
|
Percentage of capital |
4% (SAR 0.4 per share) |
|
Record date |
April 10, 2022 |
|
Payment date |
April 19, 2022 |
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 24/03/2022 | 10/04/2022 | 19/04/2022 | 48.00 | 0.30 | |
| 11/11/2021 | 09/12/2021 | 26/12/2021 | 72.00 | 0.45 | |
| 28/03/2021 | 19/05/2021 | 31/05/2021 | 60.00 | 0.38 | |
| 11/12/2017 | 26/12/2017 | 02/01/2018 | 90.00 | 0.56 | |
| 24/02/2016 | 29/05/2016 | 31/08/2016 | 90.00 | 0.56 | |
| 19/01/2015 | 15/04/2015 | 06/05/2015 | 75.00 | 0.47 |
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 | 2.08 | 15.85 | 13.09 % |
| Last 5 Financial years | 2.08 | 27.69 | 7.49 % |
| Last 10 Financial years | N/A | N/A | N/A |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 19.08 |
| P/E Before Unusual Items (TTM) | 19.08 |
| P/BV | 2.81 |
| Dividend Yield | 3.65 % |
| Market Cap. (M) | 5,587.21 |
| Return on Average Assets | 11.19 % |
| Return on Average Equity | 15.01 % |
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