Saudi Cement to vote on 20% dividend for H2 2019 on April 21

23/03/2020 Argaam Exclusive

Saudi Cement Co.’s shareholders are set to vote on a 20% cash dividend for the second half of 2019 (SAR 2 per share), during the general assembly meeting that will be held on April 21, 2020.

Shareholders will also vote on delegating the company’s board of directors to distribute cash dividend for the fiscal year 2020 on a quarterly or a semi-annual basis.

Dividend Details (H2 2019)
Current Capital	SAR 1.53 bln
Number of shares	153 mln
Dividend	SAR 306 mln
Percentage of capital	20% (SAR 2 per share)
Record date	April 21, 2020 (including those registered at the Securities Depository Center two days after this date)
Payment date	May 5, 2020
Dividend Details (FY2019)
Dividend	SAR 535.5 mln
Percentage of capital	35% (SAR 3.5 per share)

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
06/02/2020	21/04/2020	05/05/2020	306.00	2.00	H2-2019
29/05/2019	12/06/2019	02/07/2019	229.50	1.50	H1-2019
06/02/2019	16/04/2019	01/05/2019	267.75	1.75	The General Assembly approved 17.5% cash dividend for H2-2018
28/05/2018	05/06/2018	02/07/2018	229.50	1.50	The General Assembly approved 15% cash dividend for H1-2018
07/02/2018	15/04/2018	25/04/2018	267.75	1.75	The General Assembly approved 17.5% cash dividend for H2-2017
24/05/2017	06/06/2017	20/06/2017	344.25	2.25	The General Assembly approved 22.5% cash dividend for H1-2017
08/02/2017	09/04/2017	17/04/2017	420.75	2.75	The General Assembly approved 27.5% cash dividend for H2-2016
25/05/2016	16/06/2016	27/06/2016	420.75	2.75	The General Assembly approved 27.5 % cash dividend for H1-2016
07/02/2016	24/03/2016	31/03/2016	459.00	3.00	The General Assembly approved 30% cash dividend for H2-2015
25/05/2015	30/06/2015	09/07/2015	459.00	3.00	The General Assembly approved 30% interim cash dividend for 1H-2015

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	10.25	47.67	21.50 %
Last 5 Financial years	19.75	64.50	30.62 %
Last 10 Financial years	52.25	49.80	104.92 %

Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	15.43
P/E Before Unusual Items (TTM)	15.43
P/BV	2.95
Dividend Yield	4.75 %
Market Cap. (M)	6,250.05
Return on Average Assets	12.54 %
Return on Average Equity	19.34 %

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