Riyadh Development shareholders approve 2.5% cash dividend for H2 2022

01/05/2023 Argaam Exclusive

Riyadh Development Co.'s shareholders approved a 2.5% cash dividend for H2 2022, during the ordinary general meeting (OGM) held on April 30, the company said in a statement to Tadawul.

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% (equivalent to SAR 0.25 per share)
Record date	April 30 (Shareholders registered with Edaa at the end of the second trading day following the record date)
Payment date	May 18, 2023

Dividend (2022)
Total dividends	SAR 88.88 mln
Percentage of capital	5% (SAR 0.5 per share)

Meanwhile, shareholders delegated the board of directors to distribute interim dividend for 2023 on a semi-annual or a quarterly basis.

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	H 2 _ 2022
29/09/2022	10/10/2022	30/10/2022	44.44	0.25	H 1 _ 2022
20/02/2022	12/05/2022	31/05/2022	88.89	0.50	H2 - 2021
14/07/2021	09/09/2021	30/09/2021	177.78	1.00	H1 - 2021
11/03/2021	18/04/2021	06/05/2021	115.56	0.65	H2 - 2020
22/07/2020	13/09/2020	04/10/2020	88.89	0.50	H1 - 2020
12/03/2020	19/04/2020	06/05/2020	88.89	0.50	H2-2019
17/07/2019	09/09/2019	24/09/2019	71.11	0.40	H1-2019
24/02/2019	02/05/2019	23/05/2019	106.67	0.60	The General Assembly approved 8% cash dividend H2-2018
15/07/2018	29/07/2018	13/08/2018	66.67	0.38	The General Assembly approved 5% cash dividend H1-2018

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	2.75	17.02	16.16 %
Last 5 Financial years	4.80	13.13	36.56 %
Last 10 Financial years	9.45	15.87	59.55 %

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

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	13.58
P/E Before Unusual Items (TTM)	14.09
P/BV	1.97
Dividend Yield	3.55 %
Market Cap. (M)	4,835.62
Return on Average Assets	13.02 %
Return on Average Equity	15.20 %

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