Zahrat Al Waha shareholders approve 6% cash dividend for 2022
Zahrat Al Waha for Trading Co.’s shareholders approved the board’s recommendation to pay a cash dividend at 6%, or SAR 0.6 a share, for 2022, during the extraordinary general meeting (EGM) held on May 21, according to a statement to Tadawul.
|
Dividend Details (2022) |
|
|
Current Capital |
SAR 225 mln |
|
No. of Shares |
22.5 mln |
|
Total Dividend |
SAR 13.5 mln |
|
Percentage of Capital |
6% (SAR 0.6 a share) |
|
Record Date |
May 21, 2023 (Shareholders of record registered with the Securities Depository Center |
|
Payment Date |
June 4, 2023 |
Shareholders approved the other agenda items including authorizing the board of directors to pay an interim dividend for 2023 on a semi-annual or quarterly basis.
They also endorsed the business contracts concluded with the related parties, in addition to amending the Articles of Association in line with the New Companies Law.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 02/03/2023 | 21/05/2023 | 04/06/2023 | 13.50 | 0.06 | |
| 15/11/2021 | 09/05/2022 | 26/05/2022 | 22.50 | 0.10 | |
| 25/02/2021 | 26/04/2021 | 01/06/2021 | 15.00 | 0.07 | |
| 27/02/2020 | 19/04/2020 | 10/05/2020 | 11.25 | 0.05 | |
| 24/10/2019 | 21/11/2019 | 02/12/2019 | 11.25 | 0.05 | |
| 19/03/2019 | 19/05/2019 | 13/06/2019 | 15.00 | 0.07 | |
| 27/02/2018 | 22/04/2018 | 06/05/2018 | 15.00 | 0.07 | |
| 31/12/2015 | - | 31/12/2015 | 15.46 | 0.69 | |
| 31/12/2014 | - | 31/12/2014 | 8.36 | 0.37 |
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 | 0.30 | 5.10 | 5.78 % |
| Last 5 Financial years | 0.46 | 2.73 | 16.89 % |
| Last 10 Financial years | N/A | N/A | N/A |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 10.80 |
| Recurring P/E (TTM) | 11.91 |
| P/BV | 1.68 |
| Dividend Yield | - |
| Market Cap. (M) | 567.00 |
| Return on Average Assets | 9.31 % |
| Return on Average Equity | 16.82 % |
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