Saudi Ceramic shareholders approve 7.5% dividend for H1 2021

27/07/2021 Argaam Exclusive

Saudi Ceramic Co.’s shareholders approved the board recommendation on paying cash dividend at 7.5% of capital, or SAR 0.75 per share, for the first half of 2021, during the meeting held on July 26, the company said in a bourse filing.

Dividend Details (H1 2021)

Current Capital

SAR 800 mln

Number of shares*

80 mln

Dividend

SAR 59.81 mln

Percentage of capital

7.5% (SAR 0.75 per share)

Record date

Shareholders owning shares at the market closing on Aug. 1 and are registered in the company’s shareholders’ registry at Edaa at the end of the second trading day following the due date.

Payment date

Aug. 15, 2021

*Number of shares outstanding for distribution is 79.75 mln 

According to data compiled by Argaam, the cash dividend to the shareholders of Saudi Ceramics is the first distribution since 2016. During this period, the company increased the capital through bonus shares in 2018 and 2021.

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32.85
0.25 0.77 %

Valuation Data (Latest Share Price)

P/E (TTM) NEG
P/E Before Unusual Items (TTM) NEG
P/BV 2.18
Dividend Yield -
Market Cap. (M) 3,285.00
Return on Average Assets (2.64 %)
Return on Average Equity (5.10 %)

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