Arriyadh Development plans 6.5% cash dividend for H2 2020

11/03/2021 Argaam Exclusive

Arriyadh Development Co.’s (ARDCO) board of directors recommended a 6.5% cash dividend for the second half of 2020, at SAR 0.65 per share, amounting to SAR 115.56 million, the company said in a bourse statement. 

Dividend Details (H2 2020) 

Current Capital 

SAR 1.7778 bln 

Number of shares 

177.78 mln  

Dividend 

SAR 115.56 mln 

Percentage of capital 

6.5% (SAR 0.65 per share) 

Record date  

General assembly meeting, including shareholders registered at Edaa on the second day following this date

Payment date  

To be determined 

Dividend Details (2020) 

Dividend 

SAR 204.44 mln 

Percentage of capital 

11.5% (SAR 1.15 per share) 

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26.80
(0.40) (1.47 %)

Valuation Data (Latest Share Price)

P/E (TTM) 13.38
P/E Before Unusual Items (TTM) 13.88
P/BV 1.94
Dividend Yield 3.55 %
Market Cap. (M) 4,764.50
Return on Average Assets 13.02 %
Return on Average Equity 15.20 %

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