Thob Al Aseel board declares 8.75% cash dividend for H1 2023

19/07/2023 Argaam Exclusive

Thob Al Aseel Co.'s board of directors decided to distribute an 8.75% cash dividend, at SAR 0.0875 per share, for H1 2023, the company said in a Tadawul statement.

 

Dividend Details (H1 2023)

Current Capital

SAR 400 mln

Number of Shares

400 mln

Total Dividend

SAR 35 mln

Percentage of Capital

8.75% (or SAR 0.0875 per share)

Record Date

July 24, 2023 (Shareholders registered with Edaa at the end of the second trading day following the record date)

Payment Date

Within 15 working days from record date

 

The company noted that earnings per share were calculated by dividing net profit by 400 million shares. This was after the approval of the extraordinary general assembly that was held on June 20 to decide on dividing the stock par value from SAR 10 to SAR 1, raising the number of shares to 400 million from 40 million shares. 

 

 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
19/07/2023 24/07/2023 14/08/2023 35.00 0.09
28/02/2023 21/03/2023 11/04/2023 30.00 0.08
28/07/2022 03/08/2022 24/08/2022 30.00 0.08
21/02/2022 12/04/2022 26/04/2022 30.00 0.08
15/07/2021 19/09/2021 10/10/2021 22.50 0.06
20/07/2020 14/09/2020 27/09/2020 30.00 0.08
18/02/2020 08/03/2020 18/03/2020 37.50 0.09
22/07/2019 25/07/2019 04/08/2019 30.00 0.08
24/02/2019 22/05/2019 30/05/2019 30.00 0.08
29/10/2018 10/12/2018 25/12/2018 30.00 0.08
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 0.47 5.58 8.40 %
Last 5 Financial years 0.71 1.53 46.42 %
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

4.19
(0.03) (0.71 %)

Valuation Data (Latest Share Price)

P/E (TTM) 20.00
P/E Before Unusual Items (TTM) 20.00
P/BV 2.88
Dividend Yield 4.00 %
Market Cap. (M) 1,676.00
Return on Average Assets 12.16 %
Return on Average Equity 14.51 %

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