SAIC board proposes 5% cash dividend for 2022

27/03/2023 Argaam Exclusive

Saudi Advanced Industries Co.’s (SAIC) board, in a meeting held today, March 27, recommended distributing a cash dividend at 5% of capital (SAR 0.50 per share), for 2022, according to a Tadawul statement.

 

Details of the proposed dividend payout are as follows:
 

Dividend Details (2022)

Current Capital

SAR 600 mln

Number of Shares

60 mln

Total Dividends

SAR 30 mln

Percentage of Capital

5% (SAR 0.50/share)

Record Date

Shareholders of record registered with Edaa by the end of the second trading day following the ordinary general meeting (OGM) date, which will be announced later

Payment Date

To be announced later

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
27/03/2023 04/06/2023 19/06/2023 30.00 0.50
13/03/2022 31/05/2022 15/06/2022 37.50 0.63
23/03/2021 23/06/2021 05/07/2021 12.50 0.21
19/08/2020 30/08/2020 15/09/2020 12.50 0.21
30/12/2018 28/02/2019 13/03/2019 12.50 0.21
10/05/2017 05/02/2018 22/02/2018 12.50 0.21
10/05/2017 03/07/2017 19/07/2017 12.50 0.21
23/12/2014 19/04/2015 12/05/2015 21.60 0.36
21/02/2009 05/05/2009 26/05/2009 21.60 0.36
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 2.13 15.25 13.94 %
Last 5 Financial years 2.54 10.61 23.96 %
Last 10 Financial years 3.53 13.48 26.16 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

35.35
(0.05) (0.14 %)

Valuation Data (Latest Share Price)

P/E (TTM) 6.60
P/E Before Unusual Items (TTM) 6.52
P/BV 1.74
Dividend Yield 3.43 %
Market Cap. (M) 2,121.00
Return on Average Assets 27.32 %
Return on Average Equity 29.44 %

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