SASCO approves 10% cash dividend for FY2019

23/06/2020 Argaam Exclusive

Saudi Automotive Services Co.’s (SASCO) shareholders approved the board’s recommendation to distribute a 10% cash dividend, at SAR 1 per share, for the fiscal year 2019, during the ordinary general meeting (OGM) held on June 22, according to a bourse filing.

Dividend Details (FY2019)

Current Capital

SAR 600 mln

Number of shares

60 mln

Dividend

SAR 60 mln

Percentage of capital

10% (SAR 1 per share)

Record date

June 22, 2020 (Shareholders registered with the Securities Depository Center at the end of the second trading day)

Payment date

To be determined later

Moreover, shareholders authorized the board to pay interim dividends on a semi-annual or quarterly basis for FY2020.

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77.50
(0.20) (0.26 %)

Valuation Data (Latest Share Price)

P/E (TTM) 54.51
P/E Before Unusual Items (TTM) More than 100
P/BV 6.44
Dividend Yield 1.68 %
Market Cap. (M) 5,425.00
Return on Average Assets 1.63 %
Return on Average Equity 11.61 %

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