Al Mawarid shareholders ratify 15% dividend for H1 2023

14/09/2023 Argaam Exclusive

Shareholders of Al Mawarid Manpower Co. approved 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) convened on Sept. 13, according to a statement to Tadawul.

 

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

Sept. 25, 2023
 

In addition, they authorized the board to distribute interim dividends on a semi-annual or quarterly basis for 2023.

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

Al Mawarid Manpower Co.
117.80
0.20 0.17 %

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Valuation Data (Latest Share Price)

P/E (TTM) 18.84
P/E Before Unusual Items (TTM) 18.84
P/BV 4.66
Dividend Yield 2.00 %
Market Cap. (M) 1,767.00
Return on Average Assets 14.62 %
Return on Average Equity 26.78 %

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