SAIC shareholders to vote on board dissolution, 7.5% cash dividend for 2021 on May 31
Saudi Advanced Industries Co.’s (SAIC) shareholders will vote on dissolving the existing board of directors upon request of a major shareholder, during an ordinary general assembly meeting (OGM) scheduled for May 31.
The major shareholder owns 5.09% of SAIC’s shares, the company said in a bourse filing.
The shareholders will also elect board members for the upcoming three-year term, starting from May 31, 2022, in case the board dismissal is approved.
Other agenda items include voting on the distribution of cash dividend at 7.5% of capital, or SAR 0.75 per share, for 2021.
|
Dividend Details (2021) |
|
|
Current capital |
SAR 500 mln |
|
Number of shares |
50 mln |
|
Total dividend |
SAR 37.5 mln |
|
Percentage of capital |
7.5% (SAR 0.75 per share) |
|
Record date |
Shareholders of record at the Securities Depository Center (Edaa) by the close of the second trading day following the record date |
|
Payment date |
To be determined later |
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 13/03/2022 | 31/05/2022 | 15/06/2022 | 37.50 | 0.63 | |
| 23/03/2021 | 23/06/2021 | 05/07/2021 | 12.50 | 0.21 | |
| 19/08/2020 | 30/08/2020 | 15/09/2020 | 12.50 | 0.21 | |
| 30/12/2018 | 28/02/2019 | 13/03/2019 | 12.50 | 0.21 | |
| 10/05/2017 | 05/02/2018 | 22/02/2018 | 12.50 | 0.21 | |
| 10/05/2017 | 03/07/2017 | 19/07/2017 | 12.50 | 0.21 | |
| 23/12/2014 | 19/04/2015 | 12/05/2015 | 21.60 | 0.36 | |
| 21/02/2009 | 05/05/2009 | 26/05/2009 | 21.60 | 0.36 |
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 | 1.04 | 10.61 | 9.82 % |
| Last 5 Financial years | 1.67 | 10.84 | 15.37 % |
| Last 10 Financial years | 2.03 | 10.99 | 18.44 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | NEG |
| P/E Before Unusual Items (TTM) | NEG |
| P/BV | 1.19 |
| Dividend Yield | 2.79 % |
| Market Cap. (M) | 1,261.80 |
| Return on Average Assets | (7.40 %) |
| Return on Average Equity | (8.72 %) |
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