solutions board recommends 50% cash dividend for 2022

16/02/2023 Argaam Exclusive

Arabian Internet and Communications Services Co.’s (solutions) board of directors, on Feb. 15,  recommended the payment of a cash dividend at 50% of capital, or SAR 5 a share, for 2022, according to a statement to Tadawul.

 

Dividend Details (2022)

Current Capital

SAR 1.2 bln

Number of Shares*

120 mln

Total Dividend

SAR 594.9 mln

Percentage of Capital

50% (SAR 5 a share)

Record Date

Shareholders of record on the second trading day after the annual general meeting, to be determined later

Payment Date

To be determined later

*The number of shares eligible for distribution is 118.97 mln
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Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
16/02/2023 09/05/2023 28/05/2023 594.90 5.00
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 15.00 196.20 7.65 %
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

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Valuation Data (Latest Share Price)

P/E (TTM) 24.94
P/E Before Unusual Items (TTM) 25.52
P/BV 10.42
Dividend Yield 1.70 %
Market Cap. (M) 33,792.00
Return on Average Assets 12.65 %
Return on Average Equity 44.93 %

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