Umm Al-Qura Cement approves 4% dividend for H2 2020, elect board members for new term

29/04/2021 Argaam Exclusive

Umm Al-Qura Cement Co.’s shareholders approved the board of directors’ recommendation to pay cash dividend at SAR 0.40 a share, totaling SAR 22 million, for H2 2020, during the ordinary general meeting (OGM) held on April 28, 2021.

Dividend Details (H2 2020)

Current Capital

SAR 550 mln

Number of shares

55 mln

Dividend

SAR 22 mln

Percentage of capital

4 % (equivalent to SAR 0.40 per share)

Record date

April 28, 2021 (Shareholders registered in the company's register at Securities Depository Center (Edaa) by the end of the second trading day following the general assembly meeting)

Payment date

May 10, 2021

Dividend Details (2020)

Dividend

SAR 38.5 mln

Percentage of capital

7% (equivalent to SAR 0.70 per share)

During the meeting, shareholders also elected board members for the next three-year term starting July 4, 2021. The new board includes Abdullah Abdulaziz Suleiman Al-Abdullatif, Ahmed Abdulaziz Saleh Al Haqbani, Saud Alsabhan, Abdulrahman AlSayyari, Abdullah Hamdan Al Sorayia, and Saleh Al-Khulaifi.

 

Meanwhile, they approved the formation of an audit committee for the same term and authorized the board to distribute interim dividends on a semi-annual or quarterly basis for 2021.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
10/03/2021 28/04/2021 10/05/2021 22.00 0.40
28/07/2020 26/08/2020 10/09/2020 16.50 0.30
25/02/2020 06/04/2020 19/04/2020 13.75 0.25
01/08/2019 29/08/2019 16/09/2019 13.75 0.25
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 1.95 11.40 17.11 %
Last 5 Financial years 1.95 18.12 10.76 %
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

16.84
0.16 0.96 %
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Valuation Data (Latest Share Price)

P/E (TTM) 79.56
P/E Before Unusual Items (TTM) More than 100
P/BV 1.19
Dividend Yield 0.00 %
Market Cap. (M) 926.20
Return on Average Assets 0.97 %
Return on Average Equity 1.50 %

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