AMAK board recommends 6% cash dividend for Q3 2022

14/11/2022 Argaam Exclusive

Almasane Alkobra Mining Co.’s (AMAK) board of directors recommended the payment of a cash dividend at 6% of capital, or SAR 0.6 a share, for Q3 2022, according to a statement to Tadawul.

 

Dividend Details (Q3 2022)

Current Capital

SAR 660 mln

Number of Shares

66 mln

Total Dividend

SAR 38.84 mln

Percentage of Capital

6% (SAR 0.6 a share)

Record Date

Nov. 21, 2022 (Shareholders registered with the Securities Depository Center (Edaa)  at the end of the second trading day following the record date)

Payment Date

Later

 

Dividend Details (9M 2022)

Total Dividend

SAR 167.92 mln

Percentage of Capital

26%, or SAR 2.6 a share

*Eligible shares are 64.74 mln

 

AMAK board of directors recommended last July to increase capital by 36.4% via a bonus issue through a capitalization of SAR 240 million, according to data available with Argaam

 

The board also proposed to pay a cash dividend at 20% of capital, or SAR 2 a share for H1 2022. 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
14/11/2022 21/11/2022 30/11/2022 38.84 0.43
19/07/2022 26/07/2022 09/08/2022 129.09 1.43
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

69.60
(0.90) (1.28 %)

Valuation Data (Latest Share Price)

P/E (TTM) 43.92
P/E Before Unusual Items (TTM) 43.92
P/BV 5.15
Dividend Yield 2.35 %
Market Cap. (M) 6,264.00
Return on Average Assets 9.37 %
Return on Average Equity 11.75 %

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