BSF board recommends 5% dividend for H2 2024
Banque Saudi Fransi (BSF) board of directors recommended distributing a 5% cash dividend for the second half of 2024, at SAR 0.5 per share, during its meeting held on Jan. 29, according to a Tadawul statement.
|
Dividend Details (H2 2024) |
|
|
Current Capital |
SAR 25 bln |
|
Number of Shares* |
2.5 bln |
|
Total Dividend |
SAR 1.24 bln |
|
Percentage of Capital |
5% (SAR 0.5 per share after Zakat deduction) |
|
Eligibility |
Shareholders registered with Edaa at the end of the second trading day following the general meeting, which will be announced later |
|
Payout Date |
To be announced |
* Number of shares eligible for distribution stands at 2.491 bln
The bank obtained a no-objection from the Saudi Central Bank (SAMA), on Jan. 29, on the board’s recommendation on dividend payout.
According to data available on Argaam, BSF’s shareholders approved, in December 2024, a 107.4% capital increase from SAR 12.05 billion to SAR 25 billion, through a bonus share issue.
The bank also distributed a 10% cash dividend for H1 2024 at SAR 1 per share before the capital hike.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 30/01/2025 | 14/05/2025 | 29/05/2025 | 1,245.67 | 0.50 | |
| 05/08/2024 | 07/08/2024 | 26/08/2024 | 1,198.11 | 0.48 | |
| 06/02/2024 | 22/05/2024 | 11/06/2024 | 1,197.74 | 0.48 | |
| 26/07/2023 | 03/08/2023 | 20/08/2023 | 1,139.52 | 0.46 | |
| 13/12/2022 | 24/05/2023 | 12/06/2023 | 1,079.63 | 0.43 | |
| 30/06/2022 | 21/07/2022 | 04/08/2022 | 900.64 | 0.36 | |
| 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 |
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 | 2.70 | 23.08 | 11.72 % |
| Last 5 Financial years | 3.62 | 18.09 | 19.99 % |
| Last 10 Financial years | 7.08 | 15.35 | 46.09 % |
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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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