Mouwasat board recommends 100% bonus shares, 30% cash dividend for 2022
Mouwasat Medical Services Co.'s board of directors recommended today, Dec. 22, a 100% capital increase to SAR 2 billion through distributing one bonus share for every one share held, the company said in a statement to Tadawul.
In a separate statement, the medical services provider’s board also proposed a 30% cash dividend, or SAR 3 per share, for 2022, as shown below:
|
Capital Increase Details |
|
|
Current capital |
SAR 1 bln |
|
Number of shares |
100 mln |
|
Capital hike % |
100% (one share for every one share held) |
|
Capital after increase |
SAR 2 bln |
|
Number of shares after increase |
200 mln |
|
Method of increase |
Capitalizing SAR 1 bln from retained earnings |
|
Objective |
Enhance Mouwasat’s strategic growth plan and medical network expansion, while ensuring its strong financial position and financial solvency |
|
Eligibility |
Shareholders registered with the Securities Depository Center Co. (Edaa) by the close of the second trading day following the record date |
|
Dividend Details (2022) |
|
|
Current capital |
SAR 1 bln |
|
Number of shares |
100 mln |
|
Dividend |
SAR 300 mln |
|
Percentage of capital |
30% (SAR 3 per share) |
|
Record date |
Shareholders registered on the general assembly meeting date, and those of record with Edaa by the close of the second trading day after the meeting date |
|
Payment date |
To be announced later |
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 22/12/2022 | 07/05/2023 | 17/05/2023 | 300.00 | 1.50 | |
| 17/01/2022 | 09/05/2022 | 19/05/2022 | 275.00 | 1.38 | |
| 25/02/2021 | 29/04/2021 | 09/05/2021 | 250.00 | 1.25 | |
| 16/03/2020 | 22/04/2020 | 06/05/2020 | 200.00 | 1.00 | |
| 25/02/2019 | 22/04/2019 | 05/05/2019 | 175.00 | 0.88 | |
| 29/01/2018 | 02/05/2018 | 14/05/2018 | 150.00 | 0.75 | |
| 23/01/2017 | 24/04/2017 | 07/05/2017 | 125.00 | 0.63 | |
| 25/01/2016 | 04/04/2016 | 25/04/2016 | 100.00 | 0.50 | |
| 27/01/2015 | 01/04/2015 | 20/04/2015 | 100.00 | 0.50 | |
| 16/12/2013 | 02/04/2014 | 20/04/2014 | 100.00 | 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 | 4.13 | 44.10 | 9.35 % |
| Last 5 Financial years | 6.00 | 37.85 | 15.85 % |
| Last 10 Financial years | 8.88 | 13.50 | 65.74 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 18.28 |
| P/E Before Unusual Items (TTM) | 18.28 |
| P/BV | 3.68 |
| Dividend Yield | 2.35 % |
| Market Cap. (M) | 13,810.01 |
| Return on Average Assets | 13.39 % |
| Return on Average Equity | 21.12 % |
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