solutions shareholders approve 40% dividend for 2021

30/05/2022 Argaam Exclusive

Arabian Internet and Communications Services Co.’s (solutions) shareholders approved the board of directors’ recommendation to pay a cash dividend at 40% of capital, or SAR 4 a share, for 2021, during the extraordinary general meeting (EGM) held on May 29, according to a bourse filing.

 

Dividend Details

Current Capital

SAR 1.2 bln

Number of Shares*

120 mln

Total Dividend

SAR 475.20 mln

Percentage of Capital

40% (SAR 4 a share)

Record Date

May 29, 2022 (Shareholders of record on the second trading day after the record date)

Payment Date

June 15, 2022

* The number of shares eligible for distribution is 118.8 million

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
15/02/2022 29/05/2022 15/06/2022 475.20 4.00
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 N/A N/A N/A
Last 5 Financial years N/A N/A N/A
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 22.45
P/E Before Unusual Items (TTM) 25.52
P/BV 8.73
Dividend Yield 1.70 %
Market Cap. (M) 32,136.00
Return on Average Assets 13.13 %
Return on Average Equity 41.75 %

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