Raoom board proposes 1:1 bonus issue, declares 7.5% cash dividend for Q4 2024
Raoom Trading Co.’s board of directors recommended today, Feb. 10, a 100% capital top-up, through distributing one bonus share for every share held, as follows:
Capital Increase Details |
|
Current Capital |
SAR 62.50 mln |
Number of Shares |
6.25 mln |
Percentage of Increase |
100% |
New Capital |
SAR 125 mln |
New Number of Shares |
12.5 mln |
Method |
1-for-1 bonus issue |
Capitalization |
Capitalizing SAR 62.5 mln from retained earnings |
Record Date |
Shareholders registered with Edaa by the close of the second trading day following the extraordinary general meeting (EGM), the date for which will be determined later |
Reason |
Strengthen financial position and align capital with growth plans |
Fractional shares, if any, will be compiled into one portfolio for all shareholders and will be offered at market price. Proceeds will be distributed among entitled shareholders pro rata within 30 days maximum, the bank said in a statement to Tadawul.
The decision, which received the Saudi Central Bank’s (SAMA) no-objection, is conditional on approvals from competent authorities and shareholders.
In a separate Tadawul statement, Raoom said its board of directors decided to pay a 7.5% cash dividend (SAR 0.75 a share) for Q4 2024.
Dividends (Q4 2024) |
|
Current Capital |
SAR 62.50 mln |
Number of Shares |
6.25 mln |
Total Dividends |
SAR 4.69 mln |
Payout Ratio |
7.5% (SAR 0.75 a share) |
Record Date |
Feb. 18, 2025 |
Payment Date |
Feb. 27, 2025 |
Full-Year Dividends (2024) |
|
Dividends |
SAR 18.76 mln |
Percentage of Capital |
30% (SAR 3 a share) |
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
10/02/2025 | 18/02/2025 | 27/02/2025 | 4.69 | 0.75 | |
04/11/2024 | 24/11/2024 | 03/12/2024 | 4.69 | 0.75 | |
30/07/2024 | 01/08/2024 | 14/08/2024 | 4.69 | 0.75 | |
09/05/2024 | 19/05/2024 | 28/05/2024 | 4.69 | 0.75 | |
21/02/2024 | 05/03/2024 | 26/03/2024 | 4.69 | 0.75 | |
04/12/2023 | 07/12/2023 | 28/12/2023 | 3.13 | 0.50 | |
01/08/2023 | 03/08/2023 | 24/08/2023 | 7.81 | 1.25 | |
27/12/2022 | 29/12/2022 | 09/01/2023 | 6.25 | 1.00 | |
13/10/2022 | 01/11/2022 | 16/11/2022 | 6.25 | 1.00 | |
23/03/2022 | 14/06/2022 | 26/06/2022 | 6.25 | 1.00 |
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 | 7.50 | 83.15 | 9.02 % |
Last 5 Financial years | N/A | N/A | N/A |
Last 10 Financial years | N/A | N/A | N/A |
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Valuation Data (Latest Share Price)
P/E (TTM) | 26.11 |
P/E Before Unusual Items (TTM) | 53.29 |
P/BV | 6.96 |
Dividend Yield | 1.73 % |
Market Cap. (M) | 1,118.75 |
Return on Average Assets | 22.41 % |
Return on Average Equity | 25.04 % |
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