Aldrees’ shareholders approve 15% cash dividend for FY2019

29/04/2020 Argaam Exclusive

Aldrees Petroleum and Transport Services Co.’s (Aldrees) shareholders approved a cash dividend at 15%, or SAR 1.5 per share, for the fiscal year 2019 during the company's ordinary general meeting (OGM) held on April 28, 2020.

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 (including those registered at the Securities Depository Center two days after this date)

Payment date

May 12, 2020

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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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