Al-Etihad Insurance board recommends 6% cash dividend for 2024
Al-Etihad Cooperative Insurance Co.’s board of directors recommended on April 8 a cash dividend at SAR 0.6 per share, or 6% of capital, for 2024.
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Dividend Details |
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Current Capital |
SAR 500 mln |
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Number of Shares |
50 mln |
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Total Dividend |
SAR 30 mln |
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Percentage of Capital |
6% (SAR 0.6 per share) |
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Record Date |
Shareholders registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day after the general meeting date |
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Payment Date |
To be announced later |
In a statement to Tadawul, the company said that it received a no-objection letter from the Insurance Authority to distribute 2024 cash dividends to shareholders.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 09/04/2025 | 21/05/2025 | 03/06/2025 | 30.00 | 0.60 | |
| 15/04/2024 | 29/05/2024 | 10/06/2024 | 27.00 | 0.54 |
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any
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 | 1.14 | 15.93 | 7.15 % |
| Last 5 Financial years | 1.14 | 11.79 | 9.67 % |
| Last 10 Financial years | 1.14 | 19.10 | 5.97 % |
Based on the beginning of the period (January 1 of the base year)
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Valuation Data (Latest Share Price)
| P/E (TTM) | NEG |
| P/E Before Unusual Items (TTM) | NEG |
| P/BV | 0.68 |
| Dividend Yield | 3.45 % |
| Market Cap. (M) | 391.00 |
| Return on Average Assets | (8.07 %) |
| Return on Average Equity | (18.18 %) |
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