SAIC board ups proposed cash dividend for 2023 to 10%
Saudi Advanced Industries Co.’s (SAIC) board raised its dividend distribution proposal for 2023 to 10% (SAR 1 per share), instead of the 7.5% (SAR 0.75 per share) formerly recommended on March 16, according to a Tadawul statement today, March 20.
Dividend Details (2023) |
|
Current Capital |
SAR 600 mln |
Number of Shares* |
60 mln |
Total Dividends |
SAR 59 mln |
Percentage of Capital |
10% (SAR 1/share) |
Record Date |
Shareholders registered with Edaa by the end of the second trading day following the general assembly date |
Payment Date |
To be announced later |
*The number of eligible shares is 59 million
This is in addition to amending the recommendation to distribute additional cash dividends for 2023 at SAR 0.25 per share, or equal to the share in the distribution of Obeikan Glass Co., due to the difficulty of distributing Obeikan Glass shares to shareholders who are not eligible for trading in the Nomu-Parallel Market.
SAIC's board of directors also cancelled its recommendation, issued on March 16, to distribute part of its share in Obeikan Glass.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
20/03/2024 | 11/06/2024 | 30/06/2024 | 59.00 | 1.00 | |
27/03/2023 | 04/06/2023 | 19/06/2023 | 30.00 | 0.50 | |
13/03/2022 | 31/05/2022 | 15/06/2022 | 37.50 | 0.63 | |
23/03/2021 | 23/06/2021 | 05/07/2021 | 12.50 | 0.21 | |
19/08/2020 | 30/08/2020 | 15/09/2020 | 12.50 | 0.21 | |
30/12/2018 | 28/02/2019 | 13/03/2019 | 12.50 | 0.21 | |
10/05/2017 | 05/02/2018 | 22/02/2018 | 12.50 | 0.21 | |
10/05/2017 | 03/07/2017 | 19/07/2017 | 12.50 | 0.21 | |
23/12/2014 | 19/04/2015 | 12/05/2015 | 21.60 | 0.36 | |
21/02/2009 | 05/05/2009 | 26/05/2009 | 21.60 | 0.36 |
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 | 2.13 | 15.25 | 13.94 % |
Last 5 Financial years | 2.54 | 10.61 | 23.96 % |
Last 10 Financial years | 3.53 | 13.48 | 26.16 % |
Valuation Data (Latest Share Price)
P/E (TTM) | 6.66 |
P/E Before Unusual Items (TTM) | 6.58 |
P/BV | 1.75 |
Dividend Yield | 3.43 % |
Market Cap. (M) | 2,139.00 |
Return on Average Assets | 27.32 % |
Return on Average Equity | 29.44 % |
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