Thob Al Aseel plans 7.5% dividend for H1 2021

15/07/2021 Argaam Exclusive

Thob Al Aseel Co.’s board of directors recommended a 7.5% cash dividend for the first half of 2021, at SAR 0.75 per share, amounting to SAR 22.5 million.

Dividend Details (H1 2021)

Current Capital

SAR 300 mln

Number of shares

30 mln

Dividend

SAR 22.5 mln

Percentage of capital

7.5% (SAR 0.75 per share)

Record date

Sept. 19, 2021 (including those registered at the Securities Depository Center two days after this date)

Payment date

Within 15 business days from record date

Dividend Details (H1 2021)

Current Capital

SAR 300 mln

Number of shares

30 mln

Dividend

SAR 22.5 mln

Percentage of capital

7.5% (SAR 0.75 per share)

Record date

Sept. 19, 2021 (including those registered at the Securities Depository Center two days after this date)

Payment date

Within 15 business days from record date

 

In the event that there are stock fractions, the fractions will be collected in one portfolio for all shareholders and sold at the market price. Their value will be distributed among the eligible shareholders for the grant, each according to the respective share, within a period not exceeding 30 days from the date of determining the shares due to each shareholder.

 

The stock dividends are conditional upon the approval of the official authorities and the extraordinary general assembly on increasing the capital and the number of granted shares.

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4.79
(0.11) (2.24 %)

Valuation Data (Latest Share Price)

P/E (TTM) 22.87
P/E Before Unusual Items (TTM) 22.87
P/BV 3.29
Dividend Yield 4.00 %
Market Cap. (M) 1,916.00
Return on Average Assets 12.16 %
Return on Average Equity 14.51 %

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