Saudi Cement shareholders to vote on 15% dividend for H2 2024 on April 30
Saudi Cement Co.’s shareholders will discuss the board of director’s recommendation to distribute cash dividends at 15%, or SAR 1.5 a share, for H2 2024, during the extraordinary general meeting (EGM) scheduled for April 30, according to a statement to Tadawul.
Cash Dividends (H2 2024) |
|
Current Capital |
SAR 1.5 bln |
Number of Shares |
153 mln |
Total Dividends |
SAR 229.5 mln |
Percentage of Capital |
15% (SAR 1.5 a share) |
Record Date |
April 30, 2025 (Shareholders of record and those registered with Edaa on the second trading day following the record date) |
Payment Date |
May 12, 2025 |
Cash Dividends (2024) |
|
Total Dividends |
SAR 420.75 mln |
Percentage of Capital |
27.5% (SAR 2.75 a share) |
Shareholders will vote on authorizing the board to pay cash dividends on a quarterly or semi-annual basis, for 2025. Additionally, shareholders will vote on amending the Article of Association, related to the company’s objectives.
The company seeks to add to its objectives port activities, storing in ports and customs or free zones, as well as operating trucks parking spaces.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
04/02/2025 | 30/04/2025 | 12/05/2025 | 229.50 | 1.50 | |
05/06/2024 | 09/06/2024 | 26/06/2024 | 191.25 | 1.25 | |
07/02/2024 | 24/04/2024 | 08/05/2024 | 153.00 | 1.00 | |
07/06/2023 | 11/06/2023 | 20/06/2023 | 229.50 | 1.50 | |
01/02/2023 | 13/04/2023 | 07/05/2023 | 267.75 | 1.75 | |
02/06/2022 | 05/06/2022 | 15/06/2022 | 229.50 | 1.50 | |
01/02/2022 | 10/04/2022 | 20/04/2022 | 306.00 | 2.00 | |
02/06/2021 | 06/06/2021 | 16/06/2021 | 229.50 | 1.50 | |
03/02/2021 | 07/04/2021 | 19/04/2021 | 306.00 | 2.00 | |
10/06/2020 | 15/06/2020 | 25/06/2020 | 229.50 | 1.50 |
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 | 8.50 | 54.90 | 15.48 % |
Last 5 Financial years | 15.50 | 69.90 | 22.17 % |
Last 10 Financial years | 37.75 | 95.74 | 39.43 % |
Valuation Data (Latest Share Price)
P/E (TTM) | 15.61 |
P/E Before Unusual Items (TTM) | 15.61 |
P/BV | 2.94 |
Dividend Yield | 6.45 % |
Market Cap. (M) | 6,586.65 |
Return on Average Assets | 13.29 % |
Return on Average Equity | 19.18 % |
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