Al Mawarid shareholders to vote on 15% cash dividend for H1 2023 on Sept. 13

17/08/2023 Argaam Exclusive

Al Mawarid Manpower Co.’s shareholders will vote on the board’s proposal to pay a cash dividend at 15% of capital, or SAR 1.50 per share, for H1 2023, during the ordinary general meeting (OGM) slated for Sept. 13, according to a statement to Tadawul.

 

They will also authorize the board to distribute interim dividends on a semi-annual or quarterly basis for 2023.

 

H1 2023 Cash Dividends

Current Capital

SAR 150 mln

No. of Shares

15 mln

Total Dividends

SAR 22.5 mln

Percentage of Capital

15% (SAR 1.5 a share)

Record Date

 Sept. 13 (Shareholders registered with Edaa on the second trading day following the record date)

Payment Date

Later

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

106.20
0.40 0.38 %

Valuation Data (Latest Share Price)

P/E (TTM) 18.11
P/E Before Unusual Items (TTM) 18.11
P/BV 4.22
Dividend Yield 2.00 %
Market Cap. (M) 1,593.00
Return on Average Assets 13.60 %
Return on Average Equity 25.13 %

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