Arabian Cement plans 12.5% dividend for H2 2020

01/03/2021 Argaam Exclusive

Arabian Cement Co.’s board of directors recommended a 12.5% cash dividend for the second half of 2020, at SAR 1.25 per share, amounting to SAR 125 million, the company said in a bourse statement.

 

Dividend Details (H2 2020)

Current Capital

SAR 1 bln

Number of shares

100 mln

Dividend

SAR 125 mln

Percentage of capital

12.5% (SAR 1.25 per share)

Record date

General assembly meeting, including shareholders registered at Edaa on the second day following this date

Payment date

To be determined

Dividend Details (2020)

Dividend

SAR 225 mln

Percentage of capital

22.5% (SAR 2.25 per share)

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26.00
(0.05) (0.19 %)

Valuation Data (Latest Share Price)

P/E (TTM) 16.088
P/E Before Unusual Items (TTM) 18.047
P/BV 1.03
Dividend Yield 4.35 %
Market Cap. (M) 2,600.00
Return on Average Assets 5.22 %
Return on Average Equity 6.37 %

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