Alinma Bank shareholders OK 5% dividend for H2 2022
Shareholders of Alinma Bank approved the board's recommendation on a 5% cash dividend, or SAR 0.50 per share, for the second half of 2022, during the extraordinary general meeting (EGM) held on April 30.
|
Dividend Details (H2 2022) |
|
|
Current Capital |
SAR 20 bln |
|
Number of Shares |
2 bln |
|
Number of Shares |
1.99 bln |
|
Dividend |
SAR 996.10 mln |
|
Percentage of Capital |
5% (SAR 0.50 per share after Zakat) |
|
Record Date |
April 30, 2023 (Shareholders registered with Edaa by the close of the second trading day following the EGM date) |
|
Payment Date |
May 11, 2023 |
|
Total Dividend (2022) |
|
|
Total Dividend |
SAR 1.89 bln |
|
Percentage of Capital |
9.5% |
Shareholders also authorized the board of directors to pay interim dividends on a semi-annual or quarterly basis for 2023, and set the payment date, the bank said in a statement to Tadawul.
They also approved the buyback of five million shares maximum, which will be allocated for the long-term employee incentive program. The buyback will be financed by the bank’s internal sources.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 21/12/2022 | 30/04/2023 | 11/05/2023 | 996.10 | 0.33 | |
| 17/07/2022 | 31/07/2022 | 14/08/2022 | 896.12 | 0.30 | |
| 30/12/2021 | 13/04/2022 | 25/04/2022 | 795.13 | 0.27 | |
| 01/08/2021 | 08/08/2021 | 22/08/2021 | 695.74 | 0.23 | |
| 03/03/2021 | 07/04/2021 | 21/04/2021 | 596.12 | 0.20 | |
| 02/12/2018 | 26/03/2019 | 10/04/2019 | 1,489.97 | 0.50 | |
| 13/12/2017 | 10/04/2018 | 25/04/2018 | 1,191.96 | 0.40 | |
| 20/12/2016 | 06/04/2017 | 19/04/2017 | 745.00 | 0.25 | |
| 21/12/2015 | 28/03/2016 | 14/04/2016 | 745.00 | 0.25 | |
| 25/12/2014 | 16/03/2015 | 29/03/2015 | 745.00 | 0.25 |
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 | 1.69 | 10.73 | 15.76 % |
| Last 5 Financial years | 1.89 | 11.56 | 16.35 % |
| Last 10 Financial years | 3.53 | 7.47 | 47.21 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 10.96 |
| Recurring P/E | 10.96 |
| P/BV | 1.94 |
| Dividend Yield | 3.67 % |
| Market Cap. (M) | 72,000.07 |
| Return on Average Assets | 2.15 % |
| Return on Average Equity | 18.42 % |
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