Al Yamamah Steel board recommends 10% dividend for FY2019/20

23/12/2020 Argaam Exclusive

Al Yamamah Steel Industries Co.’s board of directors recommended, on Dec. 22, a 10% cash dividend for the fiscal year ended Sept. 30, 2020, at SAR 1 per share, amounting to SAR 50.8 million. 

Dividend Details (FY ended Sept. 30, 2020)

Current Capital

SAR 508 mln

Number of shares

50.8 mln

Dividend

SAR 50.8 mln

Percentage of capital

10% (SAR 1 per share)

Record date

Registered shareholders at the Securities Depository Center (Edaa) at the end of second trading day following the general assembly meeting date, which will be announced later

Payment date

To be determined

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Valuation Data (Latest Share Price)

P/E (TTM) 37.09
P/E Before Unusual Items (TTM) NEG
P/BV 2.76
Dividend Yield 0.00 %
Market Cap. (M) 1,615.44
Return on Average Assets 2.21 %
Return on Average Equity 7.75 %

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