Al Arabia shareholders approve 19% cash dividend for H1 2022

05/10/2022 Argaam Exclusive

  Arabian Contracting Services Co.’s (Al Arabia) shareholders approved the board of directors’ recommendation to pay a cash dividend at 19%, or SAR 1.9 per share, totaling SAR 95 million, for H1 2022, during the ordinary general meeting (OGM) held on Oct. 4, according to a bourse filing. 

 

Dividend Details

Current Capital

SAR 500 mln

Number of Shares

50 mln

Total Dividend

SAR 95 mln

Dividend

19%, or SAR 1.9 a share

Record Date

Oct. 04, 2022, shareholders registered with Edaa on the second day of trading after the general meeting date

Payment Date

Oct. 19, 2022

 

Shareholders also authorized the board to pay dividends for 2022 on a semi-annual or a quarterly basis.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
04/09/2022 04/10/2022 19/10/2022 95.00 1.90
07/03/2022 10/05/2022 19/05/2022 92.50 1.85
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) 30.82
P/E Before Unusual Items (TTM) 30.82
P/BV 6.47
Dividend Yield -
Market Cap. (M) 8,380.00
Return on Average Assets 7.17 %
Return on Average Equity 23.35 %

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