Najran Cement recommends 7.5% dividend for H1 2020

24/09/2020 Argaam Exclusive

Najran Cement Co.’s board of directors recommended distributing 7.5% cash dividend, at SAR 0.75 per share, for the first half of 2020, the firm said in a bourse statement.

Dividend Details (H1 2020)

Current Capital

SAR 1.7 bln

Number of shares

170 mln

Dividend

SAR 127.5 mln

Percentage of capital

7.5% (equivalent to SAR 0.75 per share)

Record date

Oct. 1, 2020 (including those registered at the Securities Depository Center two days after this date)

Payment date

To be announced

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9.26
(0.36) (3.74 %)

Valuation Data (Latest Share Price)

P/E (TTM) 25.34
P/E Before Unusual Items (TTM) 25.34
P/BV 0.78
Dividend Yield 0.00 %
Market Cap. (M) 1,574.20
Return on Average Assets 2.50 %
Return on Average Equity 3.11 %

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