Al Mawarid board plans 15% cash dividend for H1 2023

08/08/2023 Argaam Exclusive

Al Mawarid Manpower Co.s board of directors recommended, on Aug. 7, a 15% cash dividend, or SAR 1.5 a share, for the first half of 2023.

 

Dividend Details (H1 2023)

Current Capital

SAR 150 mln

Number of Shares

15 mln

Total Dividend

SAR 22.5  mln

Payment Ratio

15% (SAR 1.5 a share)

Record Date

Shareholders of record by the close of the second trading day following the general assembly, the date of which will be announced later

Payment Date

To be determined

 

According to data compiled by Argaam, this is the first dividend announced by Al Mawarid after its listing on the Saudi Exchange (Tadawul) in June.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
08/08/2023 13/09/2023 25/09/2023 22.50 1.50
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

126.00
1.00 0.80 %
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Valuation Data (Latest Share Price)

P/E (TTM) 20.32
P/E Before Unusual Items (TTM) 20.32
P/BV 5.33
Dividend Yield 2.00 %
Market Cap. (M) 1,890.00
Return on Average Assets 14.83 %
Return on Average Equity 27.81 %

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