Arriyadh Development shareholders approve 5% cash dividend for H2 2021

15/05/2022 Argaam Exclusive

Arriyadh Development Co. (ARDCO) shareholders approved a 5% cash dividend for H2 2021, during the extraordinary general assembly meeting (EGM) held today on May 12, the company said in a bourse statement.

 

Dividend (H2 2021)   

Current capital  

SAR 1.7778 bln 

Number of shares  

177.78 mln 

Total dividends  

SAR 88.89 mln 

Percentage of capital  

5% (equivalent to SAR 0.5 per share) 

Record date  

May 12, 2022 (including shareholders registered with Edaa at the end of the second trading day following the record date) 

Payment date  

May 31, 2022 

 

Dividend (2021)  

Total dividends 

SAR 266.67 mln

Percentage of capital 

15% (SAR 1.5 per share)

 

Meanwhile, shareholders delegated the board of directors to distribute interim dividend for 2022 on a semi-annual or a quarterly basis.

 

They also elected members of the board of directors for the upcoming three-year term starting on June 25, 2022.

 

The new board includes Mayor of Riyadh Region Prince Faisal bin Ayyaf (Riyadh Municipality representative), Nayef Al-Hadithi, Fahd Al-Qasim, Sulaiman Al-Hatlan, Majid Al-Subaie and Abdul Al-Hussein as independent members.  

 

It also comprises Abdullah Al-Bahouth (GOSI representative) and Ali Al-Hassoun as non-executive members. 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
20/02/2022 12/05/2022 31/05/2022 88.89 0.50
14/07/2021 09/09/2021 30/09/2021 177.78 1.00
11/03/2021 18/04/2021 06/05/2021 115.56 0.65
22/07/2020 13/09/2020 04/10/2020 88.89 0.50
12/03/2020 19/04/2020 06/05/2020 88.89 0.50
17/07/2019 09/09/2019 24/09/2019 71.11 0.40
24/02/2019 02/05/2019 23/05/2019 106.67 0.60
15/07/2018 29/07/2018 13/08/2018 66.67 0.38
04/03/2018 16/04/2018 01/05/2018 106.67 0.60
12/07/2017 10/08/2017 24/08/2017 66.67 0.38
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

Dividend History

Consolidated cash dividend Cash dividend per share (SAR) * The stock price at the beginning of the period (SAR) Return on the base price
Last 3 Financial years 3.15 15.02 20.97 %
Last 5 Financial years 5.03 13.89 36.18 %
Last 10 Financial years 9.54 12.58 75.87 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

27.35
0.15 0.55 %

Valuation Data (Latest Share Price)

P/E (TTM) 13.65
P/E Before Unusual Items (TTM) 14.17
P/BV 1.98
Dividend Yield 3.55 %
Market Cap. (M) 4,862.28
Return on Average Assets 13.02 %
Return on Average Equity 15.20 %

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