SAB board recommends 9.8% cash dividend for H2 2023
Saudi Awwal Bank (SAB) board of directors recommended, on Feb. 10, to distribute a 9.8% cash dividend, or SAR 0.98 a share, for H2 2023, the bank said in a statement to Tadawul.
|
Dividend Details (H2 2023) |
|
|
Current capital |
SAR 20.54 bln |
|
Number of shares |
2.05 bln |
|
Dividend |
SAR 2.01 bln |
|
Percentage of capital |
9.8% (SAR 0.98 per share) after Zakat |
|
Record date |
Shareholders of record until the end of the general meeting date and those registered with Edaa at the end of the second trading day following the general meeting date that will be announced later |
|
Payment date |
Later |
|
Total Dividends (2023) |
|
|
Total dividends |
SAR 3.82 bln |
|
Percentage of capital |
18.6% (SAR 1.86 a share) |
The bank added that it obtained the Saudi Central Bank's (SAMA) approval on H2 2023 dividends.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 11/02/2024 | 25/04/2024 | 13/05/2024 | 2,014.00 | 0.98 | |
| 30/07/2023 | 13/08/2023 | 28/08/2023 | 1,808.00 | 0.88 | |
| 14/02/2023 | 03/05/2023 | 18/05/2023 | 1,521.00 | 0.74 | |
| 04/07/2022 | 13/07/2022 | 27/07/2022 | 1,130.00 | 0.55 | |
| 21/02/2022 | 17/04/2022 | 25/04/2022 | 740.00 | 0.36 | |
| 01/08/2021 | 05/08/2021 | 19/08/2021 | 1,027.00 | 0.50 | |
| 01/01/2020 | 22/04/2020 | 05/05/2020 | 1,234.00 | 0.60 | |
| 05/08/2019 | 19/08/2019 | 02/09/2019 | 1,185.00 | 0.58 | |
| 27/12/2018 | 01/04/2019 | 10/04/2019 | 1,500.00 | 1.00 | |
| 24/07/2018 | 02/08/2018 | 16/08/2018 | 1,440.00 | 0.96 |
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 | 4.01 | 24.80 | 16.17 % |
| Last 5 Financial years | 5.19 | 32.65 | 15.89 % |
| Last 10 Financial years | 10.72 | 29.67 | 36.12 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 7.94 |
| Recurring P/E (TTM) | 7.84 |
| P/BV | 1.00 |
| Dividend Yield | 6.18 % |
| Market Cap. (M) | 68,383.81 |
| Return on Average Assets | 1.90 % |
| Return on Average Equity | 12.87 % |
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