Arabian Cement shareholders to vote on 11% cash dividend for H2 2022

16/03/2023 Argaam Exclusive

Arabian Cement Co.'s shareholders will convene an ordinary general meeting (OGM) on April 9 to discuss the board's recommendation on the distribution of an 11% cash dividend, or SAR 1.1 per share, for the second half of 2022.

 

Shareholders will also vote on authorizing the board of directors to distribute interim dividends quarterly or semi-annually for 2023.

Dividend Details (H2 2022)

Current Capital

SAR 1 bln

Number of Shares

100 mln

Dividend

SAR 110 mln

Percentage of Capital

11% (SAR 1.1 per share)

Record Date

April 9, 2023 (Shareholders registered with Edaa at the end of the second trading day following the record date)

Payment Date

To be announced later

 

Dividend Details (2022)

Dividend

SAR 220 mln

Percentage of Capital

22% (SAR 2.2 per share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
23/02/2023 09/04/2023 17/04/2023 110.00 1.10
09/08/2022 31/08/2022 15/09/2022 110.00 1.10
28/02/2022 17/04/2022 12/05/2022 150.00 1.50
16/08/2021 18/08/2021 06/09/2021 125.00 1.25
01/03/2021 11/04/2021 02/05/2021 125.00 1.25
26/07/2020 10/08/2020 26/08/2020 100.00 1.00
02/03/2020 19/04/2020 07/05/2020 100.00 1.00
04/08/2019 05/08/2019 29/08/2019 75.00 0.75
03/03/2019 07/04/2019 25/04/2019 100.00 1.00
19/02/2018 08/04/2018 26/04/2018 100.00 1.00
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 7.20 36.70 19.62 %
Last 5 Financial years 9.95 34.30 29.01 %
Last 10 Financial years 29.85 40.40 73.89 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

26.05
0.05 0.19 %

Valuation Data (Latest Share Price)

P/E (TTM) 16.12
P/E Before Unusual Items (TTM) 18.08
P/BV 1.03
Dividend Yield 4.35 %
Market Cap. (M) 2,605.00
Return on Average Assets 5.22 %
Return on Average Equity 6.37 %

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