AI Summary
Shareholders of National Shipping Company of Saudi Arabia (Bahri) will vote on a 25% capital increase via a 1-for-4 bonus issue, during the extraordinary general meeting (EGM) scheduled for June 29, according to a statement to Tadawul, as follows:
|
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 |
|
Capitalization |
Capitalizing SAR 1.84 bln from retained earnings |
|
Record Date |
June 29, 2025, shareholders of record and those registered with Edaa on the second trading day following the record date. |
|
Reason |
To enhance capital base, support the company’s future growth and expansion, and create 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.
Bahri shareholders will also discuss a board proposal to distribute a cash dividend at 10%, or SAR 1 per share, for 2024.
|
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 |
June 29, 2025, shareholders of record and those registered with Edaa on the second trading day following the general meeting. |
|
Payment date |
Within 15 business days |
Additionally, shareholders will approve authorizing the board to distribute interim dividends on a semiannual or quarterly basis for 2025.
| 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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