AI Summary
National Shipping Company of Saudi Arabia’s (Bahri) board of directors recommended on March 18 a 25% capital increase from SAR 7.38 billion to SAR 9.22 billion by granting one bonus share for every four shares held.
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Capital Increase Highlights |
|
|
Current Capital |
SAR 7.38 bln |
|
Number of Shares |
738.28 mln |
|
Percentage of Increase |
25% |
|
New Capital |
SAR 9.22 bln |
|
New Number of Shares |
922.85 mln |
|
Method |
1-for-4 bonus share distribution |
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Capitalization |
Capitalizing SAR 1.84 bln from retained earnings |
|
Record Date |
Shareholders of record and those registered with Edaa on the second trading day following the general assembly date |
|
Reason |
To enhance capital base, support the company’s future growth and expansion, and crease a higher value in the long term by investing in various opportunities |
Fractional shares, if any, will be compiled in one portfolio for all shareholders and will be offered at market price. Proceeds will be distributed among entitled shareholders pro rata within 30 days maximum.
The bonus issue decision is conditional upon approvals from competent authorities and company shareholders, the statement added.
In a separate statement to Tadawul, Bahri said the board also proposed a 10% cash dividend, or SAR 1 per share, for 2024.
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Dividend Details (2024) |
|
|
Current capital |
SAR 7.38 bln |
|
Number of shares |
738.28 mln |
|
Dividend |
SAR 738.28 mln |
|
Percentage of capital |
10% (SAR 1 per share) |
|
Record date |
Shareholders of record by the close of trading on the upcoming general assembly date and those registered with Edaa |
|
Payment date |
To be set later |
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 19/03/2025 | 29/06/2025 | 17/07/2025 | 738.28 | 0.80 | |
| 19/03/2024 | 04/06/2024 | 01/07/2024 | 406.05 | 0.44 | |
| 15/03/2023 | 19/06/2023 | 16/07/2023 | 246.09 | 0.27 | |
| 21/09/2021 | 05/10/2021 | 24/10/2021 | 393.75 | 0.43 | |
| 28/01/2021 | 26/04/2021 | 09/05/2021 | 393.75 | 0.43 | |
| 21/09/2020 | 05/10/2020 | 22/10/2020 | 393.75 | 0.43 | |
| 20/01/2020 | 20/04/2020 | 10/05/2020 | 393.75 | 0.43 | |
| 29/09/2019 | 13/10/2019 | 31/10/2019 | 196.88 | 0.21 | |
| 11/12/2018 | 14/04/2019 | 28/04/2019 | 590.63 | 0.64 | |
| 14/12/2017 | 17/04/2018 | 03/05/2018 | 590.63 | 0.64 |
| 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 | 1.51 | 13.85 | 10.88 % |
| Last 5 Financial years | 2.79 | 16.73 | 16.66 % |
| Last 10 Financial years | 7.27 | 14.92 | 48.72 % |
| P/E (TTM) | 14.33 |
| P/E Before Unusual Items (TTM) | 15.33 |
| P/BV | 2.00 |
| Dividend Yield | 3.82 % |
| Market Cap. (M) | 27,556.33 |
| Return on Average Assets | 6.96 % |
| Return on Average Equity | 14.57 % |
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