SAIB shareholders to vote on 4% cash dividend for 2020 on April 21

31/03/2021 Argaam Exclusive

Saudi Investment Bank’s (SAIB) shareholders will vote on the board of directors' recommendation on the distribution of cash dividend at 4% of capital, or SAR 0.40 per share, totaling SAR 270 million for 2020, during an extraordinary general assembly meeting (EGM) to be held on April 21, 2021.

 

Dividend Details (2020)

Current Capital

SAR 7.5 bln

Number of shares

750 mln

Number of eligible shares for dividend

657 mln

Dividend

SAR 270 mln

Percentage of capital

4% (SAR 0.40 per share after deducting Zakat)

Record date

April 21, 2021 (Shareholders registered with the Securities Depository Centre (Edaa) at the end of second trading day following the general assembly meeting, date of which will be announced later)

Payment date

May 2, 2021

 

Shareholders will also vote to authorize the board to distribute interim dividends on a semi-annual or quarterly basis for 2021.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
04/03/2021 21/04/2021 02/05/2021 270.00 0.22
14/02/2018 24/04/2018 01/05/2018 450.00 0.36
06/12/2016 17/04/2017 20/04/2017 350.00 0.28
13/12/2015 04/04/2016 07/04/2016 487.50 0.39
04/12/2014 08/03/2015 10/03/2015 480.00 0.38
19/12/2013 01/04/2014 06/04/2014 440.00 0.35
17/12/2012 11/03/2013 16/03/2013 385.00 0.31
02/01/2012 18/03/2012 25/03/2012 275.00 0.22
27/11/2005 06/03/2006 14/03/2006 103.14 0.08
24/11/2004 26/02/2005 15/03/2005 82.50 0.07
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 0.40 9.00 4.44 %
Last 5 Financial years 1.04 8.96 11.61 %
Last 10 Financial years 2.69 8.58 31.40 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Saudi Investment Bank
13.38
0.04 0.30 %

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Valuation Data (Latest Share Price)

P/E (TTM) 9.32
P/E Before Unusual Items (TTM) 9.32
P/BV 1.15
Dividend Yield 5.33 %
Market Cap. (M) 16,725.00
Return on Average Assets 1.39 %
Return on Average Equity 12.54 %

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