solutions board plans 40% dividend for 2021

15/02/2022 Argaam Exclusive

Arabian Internet and Communications Services Co.’s (solutions) board of directors recommended a 40% cash dividend for 2021, at SAR 4 per share, amounting to SAR 475.20 million.

 

Dividend Details (2021)

Current capital

SAR 1.2 bln

Number of shares*

120 mln

Dividend

SAR 475.20 mln

Percentage of capital

40% (SAR 4 per share)

Record date

Shareholders registered with the Edaa by the close of trading on the second trading day following the general assembly meeting, which will be announced later

Payment date

To be determined later

* 118.8 mln shares entitled for dividends

 

The company, 79%-owned by stc, has announced dividend for the first time since listing on the Saudi market in September 2021, according to Argaam data.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
15/02/2022 29/05/2022 15/06/2022 475.20 4.00
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 N/A N/A N/A
Last 5 Financial years N/A N/A N/A
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends


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Arabian Internet and Communications Services Co.
267.80
(2.20) (0.81 %)

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Valuation Data (Latest Share Price)

P/E (TTM) 22.45
P/E Before Unusual Items (TTM) 25.52
P/BV 8.73
Dividend Yield 1.70 %
Market Cap. (M) 32,136.00
Return on Average Assets 13.13 %
Return on Average Equity 41.75 %

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