Al Hammadi shareholders approve 5% cash dividend for 2020

20/05/2021 Argaam Exclusive

Al Hammadi Company for Development and Investment's shareholders approved the board of directors’ recommendation of a 5% cash dividend, or SAR 0.5 a share, for 2020, during an ordinary general assembly meeting (OGM) held on May 19, 2021.

Dividend Details for 2020

Current Capital

SAR 1.2 bln

Number of shares

120 mln

Dividend

SAR 60 mln

Percentage of capital

5% (SAR 0.5 per share)

Record date

May 19, 2021 (Shareholders registered at the Securities Depository Center (Edaa) at the end of second trading day following the OGM)

Payment date

May 31, 2021

According to the data available with Argaam, the company did not distribute dividends for 2018 and 2019, and the last dividends were for 2017.

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40.10
0.15 0.38 %

Valuation Data (Latest Share Price)

P/E (TTM) 19.667
P/E Before Unusual Items (TTM) 24.256
P/BV 3.31
Dividend Yield 2.36 %
Market Cap. (M) 6,416.00
Return on Average Assets 12.61 %
Return on Average Equity 17.28 %

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