Bahri approves SAR 1/share dividend, 1:4 bonus issue
Shareholders of National Shipping Company of Saudi Arabia (Bahri) approved a 25% capital increase via a 1-for-4 bonus issue, during the extraordinary general meeting (EGM) held on June 29, according to a statement to Tadawul, as follows:
Capital Increase Highlights |
|
Current Capital |
SAR 7.38 bln |
Number of Shares |
738.28 mln |
Percentage of Increase |
25% |
New Capital |
SAR 9.22 bln |
New Number of Shares |
922.85 mln |
Method |
1-for-4 bonus share distribution |
Capitalization |
Capitalizing SAR 1.84 bln from retained earnings |
Record Date |
June 29, 2025, shareholders of record and those registered with Edaa on the second trading day following the record date. |
Reason |
To enhance capital base, support the company’s future growth and expansion, and create a higher value in the long term by investing in various opportunities |
Fractional shares, if any, will be compiled in one portfolio for all shareholders and will be offered at market price. Proceeds will be distributed among entitled shareholders pro rata within 30 days maximum.
In a separate statement, the Saudi Exchange (Tadawul) announced that the fluctuation limits for Bahri will be based on a share price of SAR 24.94 today, June 30. The outstanding orders will be canceled.
Furthermore, the Securities Depository Center (Edaa) will deposit the addition shares into the investor’s portfolios by July 2.
Bahri shareholders also ratified a board proposal to distribute a cash dividend at 10%, or SAR 1 per share, for 2024.
Dividend Details (2024) |
|
Current capital |
SAR 7.38 bln |
Number of shares |
738.28 mln |
Dividend |
SAR 738.28 mln |
Percentage of capital |
10% (SAR 1 per share) |
Record date |
June 29, 2025, shareholders of record and those registered with Edaa on the second trading day following the general meeting. |
Payment date |
July 17, 2025 |
Additionally, shareholders approved authorizing the board to distribute interim dividends on a semiannual or quarterly basis for 2025.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
19/03/2025 | 29/06/2025 | 17/07/2025 | 738.28 | 0.80 | |
19/03/2024 | 04/06/2024 | 01/07/2024 | 406.05 | 0.44 | |
15/03/2023 | 19/06/2023 | 16/07/2023 | 246.09 | 0.27 | |
21/09/2021 | 05/10/2021 | 24/10/2021 | 393.75 | 0.43 | |
28/01/2021 | 26/04/2021 | 09/05/2021 | 393.75 | 0.43 | |
21/09/2020 | 05/10/2020 | 22/10/2020 | 393.75 | 0.43 | |
20/01/2020 | 20/04/2020 | 10/05/2020 | 393.75 | 0.43 | |
29/09/2019 | 13/10/2019 | 31/10/2019 | 196.88 | 0.21 | |
11/12/2018 | 14/04/2019 | 28/04/2019 | 590.63 | 0.64 | |
14/12/2017 | 17/04/2018 | 03/05/2018 | 590.63 | 0.64 |
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 | 1.51 | 13.85 | 10.88 % |
Last 5 Financial years | 2.79 | 16.73 | 16.66 % |
Last 10 Financial years | 7.27 | 14.92 | 48.72 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 10.55 |
P/E Before Unusual Items (TTM) | 11.28 |
P/BV | 1.47 |
Dividend Yield | 3.82 % |
Market Cap. (M) | 20,284.26 |
Return on Average Assets | 6.96 % |
Return on Average Equity | 14.57 % |
Comments Analysis: