SNB shareholders approve 9% cash dividend for H2 2021
Saudi National Bank’s (SNB) shareholders approved the board’s recommendation to pay a cash dividend at 9% of capital, or SAR 0.90 a share, for H2 2021, during the extraordinary general meeting (EGM) held on April 17, according to a bourse filing.
Additionally, shareholders approved authorizing the board to pay interim dividends for 2022 on a semi-annual or quarterly basis.
Shareholders further approved allocating 2.85 million shares from the surplus treasury shares, resulting from the merger deal, for the first phase of the Key Employee Executive Plan.
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Dividend Details (H2 2021) |
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Current Capital |
SAR 44.780 bln |
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Number of Shares |
4.487 bln |
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Total Dividends |
SAR 4.030 bln |
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Percentage of Capital |
9% (SAR 0.90 a share) |
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Record Date |
April 17, 2022 |
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Payment Date |
April 26, 2022 |
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Dividend Details (2021) |
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Total Dividends |
SAR 6.940 bln |
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Percentage of Capital |
15.5% (SAR 1.55 a share) |
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Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 27/01/2022 | 17/04/2022 | 26/04/2022 | 4,030.20 | 0.67 | |
| 09/08/2021 | 12/08/2021 | 23/08/2021 | 2,910.70 | 0.49 | |
| 04/04/2021 | 06/05/2021 | 23/05/2021 | 3,582.40 | 0.60 | |
| 26/12/2019 | 31/03/2020 | 09/04/2020 | 3,600.00 | 0.90 | |
| 29/07/2019 | 01/08/2019 | 21/08/2019 | 3,300.00 | 0.82 | |
| 23/12/2018 | 10/04/2019 | 24/04/2019 | 3,288.35 | 0.82 | |
| 30/07/2018 | 02/08/2018 | 12/08/2018 | 2,989.41 | 0.74 | |
| 31/12/2017 | 15/05/2018 | 29/05/2018 | 1,196.88 | 0.30 | |
| 15/06/2017 | 18/06/2017 | 06/07/2017 | 2,196.59 | 0.55 | |
| 29/01/2017 | 07/05/2017 | 14/05/2017 | 1,996.90 | 0.50 |
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 | 3.02 | 36.31 | 8.33 % |
| Last 5 Financial years | 6.30 | 27.34 | 23.04 % |
| Last 10 Financial years | N/A | N/A | N/A |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 9.10 |
| P/E Before Unusual Items (TTM) | 9.10 |
| P/BV | 1.22 |
| Dividend Yield | 5.69 % |
| Market Cap. (M) | 220,200.00 |
| Return on Average Assets | 2.07 % |
| Return on Average Equity | 13.91 % |
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