Riyadh Development board proposes 2.5% cash dividend for H2 2024
Riyadh Development Co.'s board of directors proposed a 2.5% cash dividend for the second half of 2024, at SAR 0.25 per share, 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 general meeting date and those registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the general meeting date |
Payment Date |
To be announced later |
According to data available with Argaam, Riyadh Development’s shareholders approved increasing capital by 31.58% from SAR 1.78 billion to SAR 2.34 billion. The capital top-up is aimed at facilitating the acquisition of two real estate assets owned by Remat Al-Riyadh Development Co.
The company had distributed cash dividends at 2.5%, or SAR 0.25 per share, for H1 2024, totaling SAR 44.44 million.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
25/02/2025 | - | - | 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) | 26.10 |
P/E Before Unusual Items (TTM) | 25.32 |
P/BV | 3.04 |
Dividend Yield | 1.31 % |
Market Cap. (M) | 7,731.41 |
Return on Average Assets | 10.58 % |
Return on Average Equity | 11.10 % |
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