Aldrees shareholders to vote on 25% bonus shares, 10% dividend for 2020 on April 14
Aldrees Petroleum and Transport Services Co.’s shareholders are set to vote on a 25% capital hike to SAR 750 million from SAR 600 million, during the extraordinary general meeting that will be held on April 14, 2021.
The capital hike will take place through the issue of one bonus share for every existing four shares, the company said in a statement to Tadawul today, March 18, 2021.
The process will be financed by transferring SAR 150 million from retained earnings.
Accordingly, the number of outstanding shares will be raised from 60 million to 75 million.
During the meeting, shareholders will also vote on delegating the company’s board of directors to distribute a 10% cash dividend (SAR 1 per share) for the fiscal year 2021 on a quarterly or semi-annual basis.
Key Figures of the Capital Hike |
|
Current Capital |
SAR 600 mln |
Number of shares |
60 mln |
Hike (%) |
25% (1 bonus share for every 4 shares owned) |
New Capital |
SAR 750 mln |
New number of shares |
75 mln |
Method |
By transfer of SAR 150 mln from retained earnings |
Record date |
April 14, 2021 (Shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day following the due date) |
Driver |
To match the size of the company's business and assets, and support its future expansions |
Dividend Details (2020) |
|
Current Capital |
SAR 600 mln |
Number of shares |
60 mln |
Dividend |
SAR 60 mln |
Percentage of capital |
10% (SAR 1 per share) |
Record date |
April 14, 2021 (Shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day following the due date) |
Payment date |
April 28, 2021 |
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
19/01/2021 | 14/04/2021 | 28/04/2021 | 60.00 | 0.60 | |
31/03/2020 | 28/04/2020 | 12/05/2020 | 90.00 | 0.90 | |
17/01/2019 | 18/03/2019 | 02/04/2019 | 50.00 | 0.50 | |
18/01/2018 | 05/03/2018 | 19/03/2018 | 50.00 | 0.50 | |
17/01/2017 | 12/03/2017 | 22/03/2017 | 40.00 | 0.40 | |
18/01/2016 | 02/03/2016 | 28/03/2016 | 80.00 | 0.80 | |
18/01/2015 | 08/03/2015 | 07/04/2015 | 80.00 | 0.80 | |
16/01/2014 | 05/03/2014 | 03/04/2014 | 60.00 | 0.60 | |
15/01/2013 | 02/03/2013 | 03/04/2013 | 60.00 | 0.60 | |
17/01/2012 | 10/03/2012 | 09/04/2012 | 50.00 | 0.50 |
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 | 2.00 | 13.43 | 14.89 % |
Last 5 Financial years | 2.90 | 17.26 | 16.80 % |
Last 10 Financial years | 6.20 | 12.38 | 50.09 % |
Valuation Data (Latest Share Price)
P/E (TTM) | 38.80 |
P/E Before Unusual Items (TTM) | 39.26 |
P/BV | 8.85 |
Dividend Yield | 0.56 % |
Market Cap. (M) | 12,300.00 |
Return on Average Assets | 4.12 % |
Return on Average Equity | 24.78 % |
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