Saudi Chemical shareholders approve 5% cash dividend for 2020

27/05/2021 Argaam Exclusive

Saudi Chemical Co.'s shareholders approved the board of directors' recommendation to pay 5% cash dividend (SAR 0.5 per share), amounting to SAR 42.16 million, for 2020, during the ordinary general meeting (OGM) held on May 26, 2021, according to a bourse filing.

Dividend Details (2020)

Current Capital

SAR 843.2 mln

Number of shares

84.32 mln

Dividend

SAR 42.16 mln

Percentage of capital

5% (SAR 0.50 per share)

Record date

May 26, 2021 (Shareholders registered at Securities Depository Center (Edaa) at the end of the second trading day following this date)
 

Distribution date

June 14, 2021

Shareholders also authorized the company’s board to distribute interim dividend for 2021 on a quarterly or semi-annual basis and determine record date in accordance with the Companies Law and the company’s financial position, cash flows, expansion and investment plans.

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10.24
0.53 5.46 %

Valuation Data (Latest Share Price)

P/E (TTM) 26.47
P/E Before Unusual Items (TTM) 26.47
P/BV 4.24
Dividend Yield -
Market Cap. (M) 8,634.37
Return on Average Assets 5.90 %
Return on Average Equity 17.21 %

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