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Tawuniya EGM ratifies 15% dividend, share buyback
AI Summary
Content Summary: 
Shareholders of The Company for Cooperative Insurance (Tawuniya) approved the board’s recommendation on a 15% cash dividend, at SAR 1.5 per share, for 2024, during the extraordinary general meeting (EGM) held on May 27.
|
Dividend Details (2024) |
|
|
Current capital |
SAR 1.50 bln |
|
Number of shares |
150 mln |
|
Total dividend |
SAR 225 mln |
|
Percentage of capital |
15% (SAR 1.5 per share) |
|
Record date |
May 27, 2025, Shareholders of record by the close of trading on the EGM date and those registered with Edaa on the second trading day following the EGM date. |
|
Payment date |
June 22, 2025 |
In a statement to Tadawul, Tawuniya’s shareholders approved the repurchase of 199,860 shares maximum, to be allocated for the employees’ incentive program.
They also authorized the board of directors to complete the buyback process within 18 months from the EGM date.
The share buyback will be financed from the company’s cash. Tawuniya will retain the repurchased shares for a maximum of 10 years, after which it will comply with the relevant laws and regulations.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 07/04/2025 | 27/05/2025 | 22/06/2025 | 225.00 | 1.50 | |
| 14/04/2024 | 23/06/2024 | 07/07/2024 | 150.00 | 1.00 | |
| 08/05/2023 | 07/06/2023 | 19/06/2023 | 125.00 | 0.83 | |
| 06/04/2021 | 29/04/2021 | 09/05/2021 | 100.00 | 0.67 | |
| 15/02/2017 | 21/03/2017 | 27/03/2017 | 500.00 | 3.33 | |
| 21/02/2016 | 21/03/2016 | 24/03/2016 | 100.00 | 0.67 | |
| 11/02/2015 | 16/03/2015 | 19/03/2015 | 145.00 | 0.97 | |
| 06/02/2012 | 12/03/2012 | 17/03/2012 | 262.50 | 1.75 | |
| 12/02/2011 | 30/03/2011 | 06/04/2011 | 150.00 | 1.00 | |
| 01/02/2010 | 09/03/2010 | 31/03/2010 | 200.00 | 1.33 |
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 | 3.33 | 65.00 | 5.13 % |
| Last 5 Financial years | 4.00 | 63.58 | 6.29 % |
| Last 10 Financial years | 8.00 | 34.37 | 23.28 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 19.13 |
| P/E Before Unusual Items (TTM) | 19.79 |
| P/BV | 4.38 |
| Dividend Yield | 1.02 % |
| Market Cap. (M) | 20,790.00 |
| Return on Average Assets | 5.52 % |
| Return on Average Equity | 25.39 % |
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