Aldrees’ shareholders to vote on 15% cash dividend for FY2019 on April 28

07/04/2020 Argaam Exclusive

Aldrees Petroleum and Transport Services Co.’s (Aldrees) shareholders will vote on a cash dividend at 15%, or SAR 1.5 per share, for the fiscal year 2019 during the company's ordinary general meeting (OGM) that will be held on April 28 via e-voting.

 

Dividend Details (FY2019)

Current Capital

SAR 600 mln

Number of shares

60 mln

Dividend

SAR 90 mln

Percentage of capital

15% (SAR 1.5 per share)

Record date

April 28, 2020

Payment date

To be determined

 

The Capital Market Authority (CMA) issued circular earlier enabling shareholders to participate and vote on related meeting agenda through Tadawulaty system in line with the government’s effort to prevent spread of coronavirus (Covid-19).

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Valuation Data (Latest Share Price)

P/E (TTM) 38.49
P/E Before Unusual Items (TTM) 38.94
P/BV 8.77
Dividend Yield 0.56 %
Market Cap. (M) 12,200.00
Return on Average Assets 4.12 %
Return on Average Equity 24.78 %

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