AI Summary
Morabaha Marina Financing Co.’s (MRNA) shareholders approved the board of directors’ recommendation to distribute a cash dividend of SAR 0.35 per share, or 3.5% of capital, for 2023.
Shareholders made the decision during the ordinary general meeting held on Aug. 4, according to a Tadawul statement.
|
Dividend Details (2023) |
|
|
Current capital |
SAR 741.29 mln |
|
Number of shares |
71.43 mln |
|
Total dividends |
SAR 24.44 mln |
|
Percentage of capital |
3.5% (SAR 0.35 per share) |
|
Record date |
Aug. 4, 2024 (Shareholders on the record date and those registered with Edaa at the end of the second trading day following the general assembly date, which is yet to be announced) |
|
Payment date |
Aug. 14, 2024 |
*The number of shares eligible for dividends is 69.82 million.
In addition, MRNA’s shareholders rejected the disbursement of SAR 1.01 million as a remuneration to the board of directors for the fiscal year ended on Dec. 31, 2023.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 15/05/2024 | 04/08/2024 | 14/08/2024 | 24.44 | - | |
| 20/07/2023 | 27/08/2023 | 06/09/2023 | 37.05 | - |
| 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 | N/A | N/A | N/A |
| Last 5 Financial years | N/A | N/A | N/A |
| Last 10 Financial years | N/A | N/A | N/A |
| P/E (TTM) | 64.33 |
| P/E Before Unusual Items (TTM) | 64.33 |
| P/BV | 0.89 |
| Dividend Yield | - |
| Market Cap. (M) | 750.00 |
| Return on Average Assets | 0.78 % |
| Return on Average Equity | 1.39 % |
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