solutions shareholders to vote on 50% cash dividend for 2022 on May 9

13/04/2023 Argaam Exclusive

Arabian Internet and Communications Services Co.’s (solutions) shareholders will vote on the board of directors’ recommendation to pay a cash dividend at 50% of capital, or SAR 5 per share, for 2022, during the extraordinary general meeting (EGM) slated for May 9, as shown below:

 

Dividend Details

Current Capital

SAR 1.2 bln

Number of Shares*

120 mln

Total Dividend

SAR 594.9 mln

Percentage of Capital

50% (SAR 5 a share)

Record Date

May 9, 2023 (Shareholders of record who are registered with Edaa at the end of the second trading day following record date)

Payment Date

To be determined later

* The number of shares eligible for distribution is 118.97 million

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
16/02/2023 09/05/2023 28/05/2023 594.90 5.00
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 15.00 196.20 7.65 %
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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