Mobily shareholders approve 14.5% dividend for 2023
Etihad Etisalat Co.’s (Mobily) shareholders approved paying a cash dividend at 14.5% of capital, or SAR 1.45 a share, for 2023, during the extraordinary general meeting (EGM) held on June 27, according to a statement to Tadawul.
Dividend Details (2023) |
|
Current Capital |
SAR 7.7 bln |
Number of Shares |
770 mln |
Total Dividend |
SAR 1.11 bln |
Percentage of Capital |
14.5% (SAR 1.45 a share) |
Record Date |
June 27, 2024 (Shareholders of record on the second trading day following the record date) |
Payment Date |
July 15, 2024 |
Moreover, the shareholders approved transferring the balance of the statutory reserve, amounting to SAR 2.65 billion as of Dec. 31, 2023, to retained earnings.
During the meeting, shareholders also authorized the board of directors to distribute interim dividends for 2024 on a semi-annual or quarterly basis.
On the other hand, shareholders disapproved the SAR 300 million three-year business and contracts planned to be concluded between Mobily Ventures and Emirates Telecommunications Group Co. during 2024, in which the board members Khalifa Hassan Al Shamsi, Hatem Mohammed Dowidar, and Mohammed Karim Bennis have an indirect interest, noting that the investments did not include preferential items.
Accordingly, the agreement has been withdrawn, in accordance with the executive regulations of the Companies Law.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
11/02/2024 | 27/06/2024 | 15/07/2024 | 1,116.50 | 1.45 | |
20/02/2023 | 01/06/2023 | 21/06/2023 | 885.50 | 1.15 | |
25/11/2021 | 23/05/2022 | 09/06/2022 | 654.50 | 0.85 | |
17/12/2020 | 23/05/2021 | 06/06/2021 | 385.00 | 0.50 | |
21/07/2014 | 24/07/2014 | 11/08/2014 | 962.50 | 1.25 | |
01/05/2014 | 06/05/2014 | 13/05/2014 | 962.50 | 1.25 | |
15/01/2014 | 16/02/2014 | 26/02/2014 | 962.50 | 1.25 | |
30/10/2013 | 04/11/2013 | 12/11/2013 | 924.00 | 1.20 | |
24/07/2013 | 28/07/2013 | 05/08/2013 | 924.00 | 1.20 | |
21/04/2013 | 27/04/2013 | 01/05/2013 | 885.50 | 1.15 |
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 | 3.45 | 28.95 | 11.92 % |
Last 5 Financial years | 3.95 | 16.64 | 23.74 % |
Last 10 Financial years | 6.45 | 86.00 | 7.50 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 14.26 |
P/E Before Unusual Items (TTM) | 14.66 |
P/BV | 2.29 |
Dividend Yield | 2.96 % |
Market Cap. (M) | 40,964.00 |
Return on Average Assets | 7.39 % |
Return on Average Equity | 16.51 % |
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