Aldrees shareholders approve 20% cash dividend for 2022

02/05/2023 Argaam Exclusive

Shareholders of Aldrees Petroleum and Transport Services Co. approved the board’s recommendation to pay a cash dividend at 20% of capital, or SAR 2 a share, for 2022, during the extraordinary general meeting (EGM), held on May 1, according to a statement to Tadawul.

 

Dividend Details (2022)

Current Capital

SAR 750 mln

No. of Shares*

75 mln

Total Dividend

SAR 150 mln

Percentage of Capital

20% (SAR 2 a share)

Record Date

May 1, 2023 (Shareholders of record registered with Edaa on the second trading day following the record date)

Payment Date

May 15, 2023

 

Shareholders also approved amending Article No. (3) of the Articles of Association pertaining to the company’s objectives. The company will add wholesale and retail sale of electric vehicle (EV) charges, operation of EV charging stations, handling of aviation fuel, online training, as well as training institutions and centers to its business activities.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
22/01/2023 01/05/2023 15/05/2023 150.00 1.50
18/01/2022 28/02/2022 14/03/2022 112.50 1.13
19/01/2021 14/04/2021 28/04/2021 60.00 0.60
31/03/2020 28/04/2020 12/05/2020 90.00 0.90
17/01/2019 18/03/2019 02/04/2019 50.00 0.50
18/01/2018 05/03/2018 19/03/2018 50.00 0.50
17/01/2017 12/03/2017 22/03/2017 40.00 0.40
18/01/2016 02/03/2016 28/03/2016 80.00 0.80
18/01/2015 08/03/2015 07/04/2015 80.00 0.80
16/01/2014 05/03/2014 03/04/2014 60.00 0.60
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 3.38 38.60 8.74 %
Last 5 Financial years 4.88 18.71 26.06 %
Last 10 Financial years 7.88 13.39 58.83 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 40.76
P/E Before Unusual Items (TTM) 41.24
P/BV 9.29
Dividend Yield 0.56 %
Market Cap. (M) 12,920.00
Return on Average Assets 4.12 %
Return on Average Equity 24.78 %

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