Riyadh Development board proposes 2.5% cash dividend for H2 2022

21/03/2023 Argaam Exclusive

Riyadh Development Co.’s board of directors recommended today, March 21, a 2.5% cash dividend for the second half of 2022, at SAR 0.25 per share, the company said in a Tadawul statement. 

Dividend (H2 2022)   

Current Capital  

SAR 1.77 bln 

Number of Shares  

177.78 mln 

Total Dividends  

SAR 44.44 mln 

Percentage of Capital  

2.5% (SAR 0.25 per share) 

Record Date  

Shareholders of record by the close of trading on the next general meeting date and who are registered with Edaa at the end of the second trading day following the general meeting date 

Payment Date  

Later

 

Total Dividends (2022)

Total Dividends

SAR 88.88 mln

Percentage of Capital

5% (SAR 0.5 a share)

This comes in line with the company's strategy that targets to balance between dividend distribution and sustainable growth, the developer noted.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
21/03/2023 30/04/2023 18/05/2023 44.44 0.25
29/09/2022 10/10/2022 30/10/2022 44.44 0.25
20/02/2022 12/05/2022 31/05/2022 88.89 0.50
14/07/2021 09/09/2021 30/09/2021 177.78 1.00
11/03/2021 18/04/2021 06/05/2021 115.56 0.65
22/07/2020 13/09/2020 04/10/2020 88.89 0.50
12/03/2020 19/04/2020 06/05/2020 88.89 0.50
17/07/2019 09/09/2019 24/09/2019 71.11 0.40
24/02/2019 02/05/2019 23/05/2019 106.67 0.60
15/07/2018 29/07/2018 13/08/2018 66.67 0.38
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 3.15 15.02 20.97 %
Last 5 Financial years 5.03 13.89 36.18 %
Last 10 Financial years 9.54 12.58 75.87 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Arriyadh Development Co.
23.24
0.74 3.29 %

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Valuation Data (Latest Share Price)

P/E (TTM) 13.34
P/E Before Unusual Items (TTM) 12.97
P/BV 1.69
Dividend Yield 3.55 %
Market Cap. (M) 4,131.61
Return on Average Assets 11.28 %
Return on Average Equity 13.23 %

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