Zahrat Al Waha shareholders to vote on 50% bonus issue, 15% cash dividend on May 9
Zahrat Al Waha for Trading Co.’s shareholders will vote on increasing the company's capital by 50%, through 1-for-2 bonus share distribution, to SAR 225 million, during the extraordinary general meeting (EGM), scheduled for May 9.
They will also vote on a 15% cash dividend, or SAR 1.5 per share, for 2021, the company said in a bourse filing.
|
Details of Bonus Issue |
|
|
Current capital |
SAR 150 mln |
|
Number of shares |
15 mln |
|
Capital hike % |
50% (one share for every two shares held) |
|
Capital after increase |
SAR 225 mln |
|
Number of shares after increase |
22.5 mln |
|
Objective of capital hike |
Enhancing the company's financial solvency and strengthen its capital to match the size of its business and its future aspirations. |
|
Method of increase |
Capitalizing SAR 75 million from retained earnings |
|
Dividend Details (2021) |
|
|
Current capital |
SAR 150 mln |
|
Number of shares |
15 mln |
|
Dividend |
SAR 22.5 mln |
|
Percentage of capital |
15% (SAR 1.5 per share) |
|
Record date |
Shareholders registered in the Securities Depository Center (Edaa) by the close of the second trading day following the EGM date. |
|
Payment date |
To be announced later |
Other agenda items include the contracts and transactions signed with Hana Food Industries Co. and authorizing the board of directors to distribute interim dividends on a semi-annual or a quarterly basis for 2022.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 15/11/2021 | 09/05/2022 | 26/05/2022 | 22.50 | 0.10 | |
| 25/02/2021 | 26/04/2021 | 01/06/2021 | 15.00 | 0.07 | |
| 27/02/2020 | 19/04/2020 | 10/05/2020 | 11.25 | 0.05 | |
| 24/10/2019 | 21/11/2019 | 02/12/2019 | 11.25 | 0.05 | |
| 19/03/2019 | 19/05/2019 | 13/06/2019 | 15.00 | 0.07 | |
| 27/02/2018 | 22/04/2018 | 06/05/2018 | 15.00 | 0.07 | |
| 31/12/2015 | - | 31/12/2015 | 15.46 | 0.69 | |
| 31/12/2014 | - | 31/12/2014 | 8.36 | 0.37 |
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 | 0.27 | 2.73 | 9.76 % |
| Last 5 Financial years | 0.40 | 3.25 | 12.30 % |
| Last 10 Financial years | N/A | N/A | N/A |
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Valuation Data (Latest Share Price)
| P/E (TTM) | More than 100 |
| P/E Before Unusual Items (TTM) | 76.87 |
| P/BV | 1.83 |
| Dividend Yield | 0.14 % |
| Market Cap. (M) | 522.00 |
| Return on Average Assets | 0.71 % |
| Return on Average Equity | 1.38 % |
Comments Analysis: