Riyadh Development EGM to vote May 8 on dividends, statutory reserve transfer
Riyadh Development Co.'s shareholders are set to vote on a board of directors recommendation to distribute a 2.5% cash dividend (SAR 0.25 per share) for the second half of 2024, during the extraordinary general meeting (EGM) slated for May 8, the company said in a Tadawul statement.
Dividend Details (H2 2024) |
|
Current Capital |
SAR 2.33 bln |
Number of Shares |
233.9 mln |
Total Dividend |
SAR 58.48 mln |
Percentage of Capital |
2.5% (SAR 0.25 per share) |
Record Date |
Shareholders of record by the close of trading on the EGM date and those registered with Edaa at the end of the second trading day following the record date |
Payment Date |
May 25, 2025 |
Meanwhile, shareholders will vote on authorizing the board to distribute interim dividends for 2025 on a quarterly or semiannual basis.
Additionally, they will vote on the transfer of the statutory reserve balance, totaling SAR 184.7 million as of Dec. 31, 2024, to the retained earnings account.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
25/02/2025 | 08/05/2025 | 25/05/2025 | 58.48 | 0.25 | |
31/07/2024 | 01/09/2024 | 19/09/2024 | 44.44 | 0.25 | |
10/03/2024 | 23/04/2024 | 14/05/2024 | 88.89 | 0.50 | |
27/07/2023 | 10/08/2023 | 31/08/2023 | 44.44 | 0.25 | |
21/03/2023 | 30/04/2023 | 18/05/2023 | 44.44 | 0.25 | |
29/09/2022 | 10/10/2022 | 30/10/2022 | 44.44 | 0.25 | |
20/02/2022 | 12/05/2022 | 31/05/2022 | 88.89 | 0.50 | |
14/07/2021 | 09/09/2021 | 30/09/2021 | 177.78 | 1.00 | |
11/03/2021 | 18/04/2021 | 06/05/2021 | 115.56 | 0.65 | |
22/07/2020 | 13/09/2020 | 04/10/2020 | 88.89 | 0.50 |
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 | 1.69 | 25.30 | 6.68 % |
Last 5 Financial years | 4.34 | 15.02 | 28.90 % |
Last 10 Financial years | 9.14 | 15.24 | 59.97 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 26.93 |
P/E Before Unusual Items (TTM) | 27.71 |
P/BV | 3.14 |
Dividend Yield | 1.31 % |
Market Cap. (M) | 7,977.04 |
Return on Average Assets | 10.39 % |
Return on Average Equity | 12.03 % |
Comments Analysis: