SNB board proposes 9% cash dividend for H2 2023

25/02/2024 Argaam Exclusive

Saudi National Bank’s (SNB) board of directors recommended, on Feb. 24, a 9% cash dividend, at SAR 0.90 per share after Zakat, for the second half of 2023.

 

Dividend Details (H2 2023)

Current capital

SAR 60 bln

Number of shares

6 bln

Dividend

SAR 5.4 bln

Percentage of capital

9% (SAR 0.90 per share after Zakat)

Record date

Shareholders of record on the general assembly date and those registered with Edaa on the second trading day after the meeting date

Payment date

To be set later

 

Full-Year Dividend

Dividend

SAR 10.5 bln

Percentage of capital

17.5% (SAR 1.75 per share)

 

The bank obtained the approval of the Saudi Central Bank (SAMA) for the second-half dividend.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
25/02/2024 01/05/2024 14/05/2024 5,400.00 0.90
26/07/2023 01/08/2023 13/08/2023 5,100.00 0.85
12/01/2023 07/05/2023 18/05/2023 2,686.80 0.45
03/07/2022 13/07/2022 21/07/2022 4,925.80 0.82
27/01/2022 17/04/2022 26/04/2022 4,030.20 0.67
09/08/2021 12/08/2021 23/08/2021 2,910.70 0.49
04/04/2021 06/05/2021 23/05/2021 3,582.40 0.89
26/12/2019 31/03/2020 09/04/2020 3,600.00 0.90
29/07/2019 01/08/2019 21/08/2019 3,300.00 0.82
23/12/2018 10/04/2019 24/04/2019 3,288.35 0.82
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

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 4.29 32.13 13.35 %
Last 5 Financial years 7.90 35.79 22.07 %
Last 10 Financial years 12.58 24.63 51.09 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

The Saudi National Bank
35.45
0.55 1.58 %

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Valuation Data (Latest Share Price)

P/E (TTM) 10.62
P/E Before Unusual Items (TTM) 10.62
P/BV 1.29
Dividend Yield 4.53 %
Market Cap. (M) 212,700.00
Return on Average Assets 1.96 %
Return on Average Equity 12.58 %

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