AI Summary
Saudi National Bank's (SNB) shareholders approved the board recommendation on paying cash dividend for 2020 at 8% of capital, or SAR 0.80 per share, during the extraordinary general meeting (EGM), held on May 6, 2021, the company said in a bourse filing.
|
Dividend Details (2020) |
|
|
Current Capital |
SAR 44.78 bln |
|
Number of shares |
44.78 bln |
|
Dividend |
SAR 3.582 bln |
|
Percentage of capital |
0.8% (SAR 0.80 per share) |
|
Record date |
May 6, 2021 (Shareholders registered at the Securities Depository Center (Edaa) on the second day following the general meeting date) |
|
Payment date |
May 23, 2021 |
Shareholders approved delegating the board members to pay interim cash dividend for 2021 on a semi-annual or quarterly basis.
In addition, they elected the following board members for the three-year term starting from May 15, 2021:
1- Saeed Al Ghamdi
2- Ammar Alkhudairy
3- Yazeed Alhumied
4- Saud Al Juhni
5- Ibrahim Almojel
6- Abdulrahman Alodan
7- Rashed Sharif
8- Ziad Tunsi
9- Zaid Al Gwaiz
10- Sheila Alrowaily
11- Abdullah Alrowais
Shareholders approved forming the audit committee, with members including Abdul-Rahman Al-Barrak, Khaled Al-Tawil, Ali Al-Ayed, and Abdulaziz Al-Ateeqi.
The bank appointed E&Y and KPMG as external auditors to examine, review and audit the Q1, Q2, Q3 and 2021 financials.
| P/E (TTM) | 9.44 |
| P/E Before Unusual Items (TTM) | 9.44 |
| P/BV | 1.27 |
| Dividend Yield | 5.69 % |
| Market Cap. (M) | 228,240.00 |
| Return on Average Assets | 2.07 % |
| Return on Average Equity | 13.91 % |
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