Arabian Drilling board recommends 25.3% cash dividend for H1 2023

02/08/2023 Argaam Exclusive

Arabian Drilling Co.’s board of directors recommended, on Aug. 1, to distribute cash dividends of 25.3% of the capital, equivalent to SAR 2.53 per share, to shareholders for the first half of 2023.

 

Dividend Details

Current capital

SAR 890 mln

Current Number of shares

89 mln

Total Dividend

SAR 225.17 mln

Percentage of capital

25.3% (SAR 2.53 per share)

Record date

By the end of the trading day of the OGM which will be determined later (Shareholders registered with Edaa at the end of the second trading day following the record date)

Payment date

To be announced

 

This will be the company’s first cash dividend since listing on the Saudi Exchange (Tadawul) on Nov. 7, 2022, according to data available with Argaam.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
02/08/2023 01/11/2023 13/11/2023 225.17 2.53
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 N/A N/A N/A
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

110.40
(1.60) (1.43 %)

Valuation Data (Latest Share Price)

P/E (TTM) 22.64
P/E Before Unusual Items (TTM) 18.23
P/BV 1.67
Dividend Yield 2.65 %
Market Cap. (M) 9,825.60
Return on Average Assets 4.23 %
Return on Average Equity 7.31 %

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