Al-Etihad Insurance plans first ever dividend at 6% for 2023

15/04/2024 Argaam Exclusive

Al-Etihad Cooperative Insurance Co.’s board of directors recommended, on April 14, the payment of a cash dividend at 6% of capital, or SAR 0.6 a share, for 2023, according to a statement to Tadawul.

 

Dividend Details (2023)

Current Capital 

SAR 450 mln 

Number of Shares 

45 mln 

Total Dividends 

SAR 27 mln 

Percentage of Capital 

6% (SAR 0.6 a share) 

Record Date  

Shareholders of record on the second trading day following the general meeting 

Payment Date  

To be determined later 

 

The Saudi insurer obtained the go-ahead of the Insurance Authority (IA) for the dividend payment, which is the first since its debut on Tadawul in 2007.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
15/04/2024 - - 27.00 0.60
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 0.60 21.67 2.77 %
Last 5 Financial years 0.60 15.34 3.91 %
Last 10 Financial years 0.60 15.18 3.95 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

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Valuation Data (Latest Share Price)

P/E (TTM) 10.94
P/E Before Unusual Items (TTM) 10.94
P/BV 1.37
Dividend Yield 3.26 %
Market Cap. (M) 923.40
Return on Average Assets 4.98 %
Return on Average Equity 13.38 %

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