Saudi Cement shareholders to vote on 10% dividend for H2 2023 on April 24

03/04/2024 Argaam Exclusive

Saudi Cement Co.'s shareholders are set to vote on a board recommendation to distribute a 10% cash dividend, at SAR 1 per share, for the second half of 2023, during the extraordinary general meeting (EGM) to be held on April 24, according to a statement to Tadawul.

 

Dividend Details (H2 2023)

Current Capital

SAR 1.53 bln

Number of Shares

153 mln

Total Dividends

SAR 153 mln

Percentage of Capital

10% (SAR 1 per share)

Eligibility

April 24, 2024 (Shareholders registered with Securities Depository Center (Edaa) at the end of the second trading day following the EGM date)

Payment Date

May 8, 2024
 

Dividend Details (2023)

Percentage of Capital

25% (SAR 2.5 per share)

Total Dividends

SAR 382.5 mln
 

Meanwhile, shareholders will vote on authorizing the board of directors to distribute dividends for 2024 on a semi-annual or quarterly basis.

 

In addition, the EGM will vote on transferring the statutory reserve balance of SAR 459 million as of Dec. 31, 2023, to the retained earnings account.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
Data not available
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 9.10 N/A
Last 5 Financial years N/A 7.91 N/A
Last 10 Financial years N/A 13.30 N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends


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Valuation Data (Latest Share Price)

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P/E Before Unusual Items (TTM) NEG
P/BV 1.83
Dividend Yield -
Market Cap. (M) 9,576.64
Return on Average Assets (8.87 %)
Return on Average Equity (22.89 %)

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