Alkhorayef Water approves 15% cash dividend for H1 2021

30/06/2021 Argaam Exclusive

Shareholders of Alkhorayef Water and Power Technologies Co. (AWPT) approved a 15% cash dividend for the first half of 2021, at SAR 1.50 per share, amounting to SAR 37.5 million, the company said in a bourse statement. 

Dividend Details (H1 2021)

Current Capital

SAR 250 mln

Number of shares

25 mln

Dividend

SAR 37.5 mln

Percentage of capital

15% (SAR 1.50 per share)

Record date

Sept. 5, 2021 (Registered shareholders at the Securities Depository Center (Edaa) by the end of second trading day following the due date).

Payment date

Sept. 19, 2021

According to data compiled by Argaam, this is the company’s first distribution since listing in March.

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Valuation Data (Latest Share Price)

P/E (TTM) 26.55
P/E Before Unusual Items (TTM) 24.97
P/BV 7.22
Dividend Yield -
Market Cap. (M) 5,040.00
Return on Average Assets 9.72 %
Return on Average Equity 31.49 %

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