Al Hammadi board recommends 33% bonus issue, 4% dividend for Q1 2022
Al Hammadi Company for Development and Investment’s board of directors recommended today, March 24, a 33% capital increase to SAR 1.6 billion from SAR 1.2 billion, through issuing one bonus share for every three shares held, the company said in a bourse statement.
The board also recommended distributing a 4% cash dividend for Q1 2022, at SAR 0.4 per share.
| 
			 Details of Capital Increase  | 
		|
| 
			 Current capital  | 
			
			 SAR 1.2 bln  | 
		
| 
			 Number of shares  | 
			
			 120 mln  | 
		
| 
			 Capital hike%  | 
			
			 33% (one share for every 3 shares held)  | 
		
| 
			 Capital after increase  | 
			
			 SAR 1.6 bln  | 
		
| 
			 Number of shares after increase  | 
			
			 160 mln  | 
		
| 
			 Objective of capital hike  | 
			
			 To enhance capital base, which contributes to strengthening the company's growth plans, future activities and maximizing total returns to shareholders.  | 
		
| 
			 Method of increase  | 
			
			 By capitalizing SAR 400 million from retained earnings  | 
		
| 
			 Record date  | 
			
			 Shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day after the eligibility date.  | 
		
| 
			 Dividend Details  | 
		|
| 
			 Dividend  | 
			
			 SAR 48 mln  | 
		
| 
			 Percentage of capital  | 
			
			 4% (SAR 0.4 per share)  | 
		
| 
			 Record date  | 
			
			 April 10, 2022  | 
		
| 
			 Payment date  | 
			
			 April 19, 2022  | 
		
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes | 
| 24/03/2022 | 10/04/2022 | 19/04/2022 | 48.00 | 0.30 | |
| 11/11/2021 | 09/12/2021 | 26/12/2021 | 72.00 | 0.45 | |
| 28/03/2021 | 19/05/2021 | 31/05/2021 | 60.00 | 0.38 | |
| 11/12/2017 | 26/12/2017 | 02/01/2018 | 90.00 | 0.56 | |
| 24/02/2016 | 29/05/2016 | 31/08/2016 | 90.00 | 0.56 | |
| 19/01/2015 | 15/04/2015 | 06/05/2015 | 75.00 | 0.47 | 
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 | 2.08 | 15.85 | 13.09 % | 
| Last 5 Financial years | 2.08 | 27.69 | 7.49 % | 
| Last 10 Financial years | N/A | N/A | N/A | 
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Valuation Data (Latest Share Price)
| P/E (TTM) | 18.10 | 
| P/E Before Unusual Items (TTM) | 18.10 | 
| P/BV | 2.67 | 
| Dividend Yield | 3.65 % | 
| Market Cap. (M) | 5,299.21 | 
| Return on Average Assets | 11.19 % | 
| Return on Average Equity | 15.01 % | 
                                            
                                            
                                            
                                            
                                            
                
            
                
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