Dallah plans 20% bonus issue, approves 7% dividend for H2 2019
Dallah Healthcare Co.’s board of directors recommended a 20% capital hike to SAR 900 million from SAR 750 million through issuance of 1 bonus share for every 5 shares held.
The capital hike will be financed through capitalizing statutory reserve and issue premium by SAR 150 million, the company said in a bourse statement.
Meanwhile, the board approved a 7% cash dividend, or SAR 0.7 per share, for H2 2019.
The bonus issue is pending approval from the competent regulatory authorities and the company’s general assembly, the statement added.
|
Details of Capital Hike |
|
|
Current Capital |
SAR 750 mln |
|
Number of shares |
75 mln shares |
|
Increase percentage |
20% |
|
New Capital |
SAR 900 mln |
|
Number of shares after capital hike |
SAR 90 mln |
|
Record date |
Shareholders registered in Edaa by the end of the second trading day following the general assembly |
|
Capital hike purpose |
Support future investments and expansions |
|
Dividend Details |
|
|
Current Capital |
SAR 750 mln |
|
Number of shares |
75 mln |
|
Dividend |
SAR 52.50 mln |
|
Percentage of capital |
7% (SAR 0.70 per share) |
|
Record date |
Mar. 22 |
|
Payment date |
Apr. 5 |
|
Dividend Details (FY19) |
|
|
Total dividend |
SAR 90 mln |
|
Percentage of capital (%) |
12% (SAR 1.20 per share) |
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 27/02/2020 | 22/03/2020 | 05/04/2020 | 52.50 | 0.58 | |
| 12/11/2019 | 28/11/2019 | 05/12/2019 | 37.50 | 0.42 | |
| 13/12/2018 | 20/12/2018 | 06/01/2019 | 88.50 | 0.98 | |
| 13/12/2017 | 22/05/2018 | 11/06/2018 | 147.50 | 1.64 | |
| 23/02/2017 | 26/04/2017 | 08/05/2017 | 118.00 | 1.31 | |
| 21/01/2016 | 02/05/2016 | 31/05/2016 | 88.50 | 0.98 | |
| 19/02/2015 | 29/04/2015 | 08/06/2015 | 47.20 | 0.52 | |
| 19/02/2014 | 30/04/2014 | 06/06/2014 | 70.80 | 0.79 | |
| 21/01/2013 | 21/04/2013 | 18/05/2013 | 70.80 | 0.79 |
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 | 3.62 | 62.47 | 5.80 % |
| Last 5 Financial years | 5.92 | 67.84 | 8.72 % |
| Last 10 Financial years | N/A | N/A | N/A |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 23.17 |
| P/E Before Unusual Items (TTM) | 28.07 |
| P/BV | 2.94 |
| Dividend Yield | 1.29 % |
| Market Cap. (M) | 12,412.48 |
| Return on Average Assets | 6.90 % |
| Return on Average Equity | 14.02 % |
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