SISCO board approves 4% cash dividend for H2 2022

10/04/2023 Argaam Exclusive

Saudi Industrial Services Co.’s (SISCO) board of directors approved on April 9 a 4% cash dividend, or SAR 0.40 per share, for H2 2022.

Dividend Details (2022)
Current Capital	SAR 816 mln
Number of Shares	81.60 mln
Total Dividend	SAR 32.64 mln
Percentage of Capital	4% (SAR 0.4 per share)
Record Date	April 30, 2023 (Shareholders registered with the Securities Depository Center Co. (Edaa) on the second trading day following the record date)
Payment Date	May 16, 2023

Dividend Details (H2 2022)
Total Dividend	SAR 65.28 mln
Percentage of Capital	8% (SAR 0.8 per share)

The company added, in a statement to Tadawul, that this distribution is the final payment of ordinary dividend for fiscal year ended Dec. 31, 2022, in accordance with the approved policy for 2022 and 2023.

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
10/04/2023	30/04/2023	16/05/2023	32.64	0.40	H 2 _ 2022
11/08/2022	21/08/2022	08/09/2022	32.64	0.40	H 1 _ 2022
02/03/2022	10/03/2022	27/03/2022	32.64	0.40	H2 _ 2021
12/08/2021	03/11/2021	23/11/2021	32.64	0.40	H1 - 2021
28/02/2021	05/05/2021	31/05/2021	65.28	0.80	FY 2020
27/02/2020	13/04/2020	28/04/2020	48.96	0.60	FY-2019
26/02/2019	07/05/2019	26/05/2019	32.64	0.40	The General Assembly approved 4% cash dividend FY-2018
28/03/2018	23/05/2018	10/06/2018	24.48	0.30	The General Assembly approved 3% cash dividend FY-2017
29/02/2016	02/05/2016	01/06/2016	34.00	0.42	The General Assembly approved 5% cash dividend FY-2015
19/01/2015	05/05/2015	01/06/2015	34.00	0.42	The General Assembly approved 5% cash dividends for year 2014

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	2.40	31.20	7.69 %
Last 5 Financial years	3.80	10.78	35.24 %
Last 10 Financial years	5.33	13.96	38.20 %

Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	NEG
P/E Before Unusual Items (TTM)	45.75
P/BV	1.70
Dividend Yield	2.60 %
Market Cap. (M)	2,460.24
Return on Average Assets	(0.23 %)
Return on Average Equity	(0.89 %)

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