Al Arabia shareholders approve 4% dividend for H2 202

22/06/2023 Argaam Exclusive

Shareholders of Arabian Contracting Services Co. (Al Arabia) approved 4% cash dividend, or SAR 0.4 per share, for H2 2022, during the extraordinary general meeting (EGM) held on June 21.

 

Dividend Details (H2 2022)

Current capital

SAR 500 mln

Number of shares

50 mln

Total dividend 

SAR 20 mln

Percentage of capital

4% (SAR 0.4 per share)

Record date

June 21, 2023 (Shareholders registered with Edaa by the close of the second trading day following the record date)

Payment date

July 13, 2023

 

Dividend Details (2022)

Dividend

SAR 115 mln

Percentage of Capital

23% (SAR 2.3 per share)

 

Shareholders also authorized the board of directors to pay interim dividends on a quarterly or semi-annual basis for 2023, the company said in a Tadawul statement.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
21/05/2023 21/06/2023 13/07/2023 20.00 0.40
04/09/2022 04/10/2022 19/10/2022 95.00 1.90
07/03/2022 10/05/2022 19/05/2022 92.50 1.85
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 4.15 104.00 3.99 %
Last 5 Financial years N/A N/A N/A
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

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Valuation Data (Latest Share Price)

P/E (TTM) 36.10
P/E Before Unusual Items (TTM) 36.10
P/BV 9.76
Dividend Yield -
Market Cap. (M) 11,850.00
Return on Average Assets 8.51 %
Return on Average Equity 30.96 %

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