MARAFIQ board declares 11% dividend for H2 2023

07/03/2024 Argaam Exclusive

The board of Power and Water Utility Company for Jubail and Yanbu (MARAFIQ) approved, on March 6, a cash dividend at SAR 1.1 per share, or 11% of capital, for the second half of 2023. 

 

Dividend Details

Current Capital

SAR 2.5 bln

Number of Shares

250 mln

Total Dividend

SAR 275 mln

Percentage of Capital

11% (SAR 1.1 per share)

Record Date

March 17, 2024 (Shareholders registered with the Securities Depository Center Co. (Edaa) by the end of the second trading day after the record date)

Payment Date

March 27, 2024

 

Total Dividend for 2023

Total Dividend

SAR 550 mln

Percentage of Capital

22% (SAR 2.2 per share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
07/03/2024 17/03/2024 27/03/2024 275.00 1.10
03/08/2023 13/08/2023 30/08/2023 275.00 1.10
02/03/2023 08/03/2023 23/03/2023 275.00 1.10
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

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 N/A N/A N/A
Last 5 Financial years N/A N/A N/A
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 39.78
P/E Before Unusual Items (TTM) 39.78
P/BV 1.80
Dividend Yield 3.40 %
Market Cap. (M) 14,550.00
Return on Average Assets 1.60 %
Return on Average Equity 4.50 %

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