Arriyadh Development shareholders to vote on 6.5% dividend for H2 2020 on April 18

25/03/2021 Argaam Exclusive

Arriyadh Development Co.'s shareholders are set to vote on the board of directors' recommendation to distribute a 6.5% cash dividend, amounting to SAR 115.6 million, for the second half of 2020, during the ordinary general assembly meeting on April 18, 2021.

 

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  

Shareholders registered with the Securities Depository Center at the end of the second trading day following the due date

Payment date  

To be determined 

Dividend Details (2020)

Dividend 

SAR 204.44 mln 

Percentage of capital 

11.5% (SAR 1.15 per share) 

 

They will also discuss the board and auditor reports, as well as financial statements for 2020.

 

Shareholders will also discuss the board of director's resolution with regard to the distribution of 5% cash dividend for H1 2020, amounting SAR 88.9 million.

 

In addition, they will vote on delegating the board of directors to distribute interim dividends on a quarterly or semi-annually for 2021.

 

Shareholders will be able to vote on agenda items as of April 14, 2021, through the Tadawulaty service.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
11/03/2021 18/04/2021 06/05/2021 115.56 0.65
22/07/2020 13/09/2020 04/10/2020 88.89 0.50
12/03/2020 19/04/2020 06/05/2020 88.89 0.50
17/07/2019 09/09/2019 24/09/2019 71.11 0.40
24/02/2019 02/05/2019 23/05/2019 106.67 0.60
15/07/2018 29/07/2018 13/08/2018 66.67 0.38
04/03/2018 16/04/2018 01/05/2018 106.67 0.60
12/07/2017 10/08/2017 24/08/2017 66.67 0.38
15/01/2017 05/04/2017 20/04/2017 106.67 0.60
31/07/2016 11/08/2016 28/08/2016 66.67 0.38
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

Dividend History

Consolidated cash dividend Cash dividend per share (SAR) * The stock price at the beginning of the period (SAR) Return on the base price
Last 3 Financial years 3.03 13.89 21.78 %
Last 5 Financial years 4.98 13.64 36.47 %
Last 10 Financial years 9.18 8.42 108.97 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

27.50
0.70 2.61 %

Valuation Data (Latest Share Price)

P/E (TTM) 13.73
P/E Before Unusual Items (TTM) 14.25
P/BV 1.99
Dividend Yield 3.55 %
Market Cap. (M) 4,888.95
Return on Average Assets 13.02 %
Return on Average Equity 15.20 %

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