Riyadh Cables board recommends 15% cash dividend for 2022

12/03/2023 Argaam Exclusive

 Riyadh Cables Group Co.’s board of directors, on March 9, recommended the payment of a cash dividend at 15% of capital, or SAR 1.5 a share, for 2022, according to a statement to Tadawul.

 

Dividend Details (2022)

Current Capital

SAR 1.5 bln

Number of Shares

150 mln

Total Dividend

SAR 225 mln

Percentage of Capital

15% (SAR 1.5 a share)

Record Date

Shareholders of record who are registered with Edaa on the second trading day after the general meeting

Payment Date

To be determined later
 

According to data available on Argaam, this is the first dividend announced by Riyadh Cables since its listing on the Saudi Exchange in December 2022.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
12/03/2023 20/06/2023 13/07/2023 225.00 1.50
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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Riyadh Cables Group Co.
117.00
2.00 1.74 %

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Valuation Data (Latest Share Price)

P/E (TTM) 25.084
P/E Before Unusual Items (TTM) 24.698
P/BV 6.63
Dividend Yield 2.70 %
Market Cap. (M) 17,550.00
Return on Average Assets 12.92 %
Return on Average Equity 28.45 %

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