Banque Saudi Fransi shareholders approve 8.5% cash dividend for H2 2021, 3 mln share buyback
Banque Saudi Fransi (BSF) shareholders approved the board of directors’ recommendation to pay cash dividend at 8.5% of capital, or SAR 0.85 a share, for H2 2021, during the extraordinary general meeting (EGM) held on June 12, according to a bourse filing.
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Dividend Details |
|
|
Current Capital |
SAR 12.054 bln |
|
Number of Shares |
1.205 bln |
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Total Dividend |
SAR 1.019 bln |
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Percentage of Capital |
8.5% (SAR 0.85 per share after deducting Zakat) |
|
Record Date |
June 12, 2022 (Shareholders of record on the second trading day after the record date) |
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Payment Date |
June 30, 2022 |
*The number of shares eligible for the dividend is 1.199 bln.
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Total Dividend |
|
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Total Dividend |
SAR 1.799 bln |
|
Percentage of Capital |
15% (SAR 1.5 a share) |
Shareholders also authorized the board of directors to pay interim dividends for 2022 on a semi-annual or a quarterly basis.
Meanwhile, they ratified a buyback of maximum 3 million shares to be allocated for the employee incentive program. The share repurchase will be financed from internal resources and the board is authorized to complete the buyback within a maximum of 12 months.
The bank will retain the shares for 10 years maximum from the EGM date. After the period expires, the bank will follow the procedures stipulated in the relevant laws and regulations. This program complements the board’s relevant approval on May 1, 2019.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 23/12/2021 | 12/06/2022 | 30/06/2022 | 1,019.96 | 0.41 | |
| 04/07/2021 | 11/07/2021 | 05/08/2021 | 779.97 | 0.31 | |
| 02/03/2021 | 05/05/2021 | 31/05/2021 | 479.98 | 0.19 | |
| 30/12/2019 | 13/05/2020 | 08/06/2020 | 1,199.68 | 0.48 | |
| 03/07/2019 | 11/07/2019 | 29/07/2019 | 1,199.69 | 0.48 | |
| 27/12/2018 | 01/05/2019 | 16/05/2019 | 959.49 | 0.38 | |
| 01/07/2018 | 10/07/2018 | 25/07/2018 | 1,079.42 | 0.43 | |
| 04/03/2018 | 19/04/2018 | 06/05/2018 | 419.80 | 0.17 | |
| 10/07/2017 | 16/07/2017 | 27/07/2017 | 1,259.30 | 0.50 | |
| 19/01/2017 | 20/04/2017 | 04/05/2017 | 601.10 | 0.24 |
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 | 1.70 | 18.09 | 9.42 % |
| Last 5 Financial years | 3.48 | 13.92 | 25.00 % |
| Last 10 Financial years | 5.77 | 10.68 | 54.01 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 8.42 |
| P/E Before Unusual Items (TTM) | 8.42 |
| P/BV | 1.06 |
| Dividend Yield | 6.34 % |
| Market Cap. (M) | 45,075.00 |
| Return on Average Assets | 1.78 % |
| Return on Average Equity | 13.08 % |
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