Saudi Cement approves 20% cash dividend for H2 2020

08/04/2021 Argaam Exclusive

Saudi Cement Co.’s shareholders approved the board recommendation on paying cash dividend at 20%, or SAR 2 per share for H2 2020, during the ordinary general meeting (OGM) held on April 7, 2021, according to a bourse filing.

Shareholders also authorized the board of directors to distribute dividend for 2021 on quarterly or semi-annual basis, the statement added.

Dividend Details (H2 2020)
Current Capital	SAR 1.53 bln
Number of shares	153 mln shares
Dividend	SAR 306 mln
Percentage of capital	20% (equivalent to SAR 2 per share)
Record date	April 7, 2021
Payment date	April 19, 2021

Dividend Details (2020)
Dividend	SAR 535.5 mln
Percentage of capital	35% (equivalent to SAR 3.5 per share)

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
03/02/2021	07/04/2021	19/04/2021	306.00	2.00	H2 - 2020
10/06/2020	15/06/2020	25/06/2020	229.50	1.50	H1-2020
06/02/2020	21/04/2020	05/05/2020	306.00	2.00	H2-2019
29/05/2019	12/06/2019	02/07/2019	229.50	1.50	H1-2019
06/02/2019	16/04/2019	01/05/2019	267.75	1.75	The General Assembly approved 17.5% cash dividend for H2-2018
28/05/2018	05/06/2018	02/07/2018	229.50	1.50	The General Assembly approved 15% cash dividend for H1-2018
07/02/2018	15/04/2018	25/04/2018	267.75	1.75	The General Assembly approved 17.5% cash dividend for H2-2017
24/05/2017	06/06/2017	20/06/2017	344.25	2.25	The General Assembly approved 22.5% cash dividend for H1-2017
08/02/2017	09/04/2017	17/04/2017	420.75	2.75	The General Assembly approved 27.5% cash dividend for H2-2016
25/05/2016	16/06/2016	27/06/2016	420.75	2.75	The General Assembly approved 27.5 % cash dividend for H1-2016

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	10.25	47.67	21.50 %
Last 5 Financial years	19.75	64.50	30.62 %
Last 10 Financial years	52.25	49.80	104.92 %

Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	15.43
P/E Before Unusual Items (TTM)	15.43
P/BV	2.95
Dividend Yield	4.75 %
Market Cap. (M)	6,250.05
Return on Average Assets	12.54 %
Return on Average Equity	19.34 %

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