Arabian Drilling shareholders to vote on 25.3% dividend for H1 2023 on Nov. 1

11/10/2023 Argaam Exclusive

Arabian Drilling Co.’s shareholders will convene an ordinary general meeting (OGM) on Nov. 1 to vote on the board's recommendation to distribute a 25.3% cash dividend, or SAR 2.53 per share, 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

Nov. 1, 2023. Shareholders registered with Edaa at the end of the second trading day following the OGM.

Payment date

To be announced

 

In a statement to Tadawul, the company pointed out that shareholders will also vote on authorizing the board of directors to distribute interim dividends quarterly or semi-annually for the fiscal year 2023.

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

115.80
0.60 0.52 %

Valuation Data (Latest Share Price)

P/E (TTM) 23.74
P/E Before Unusual Items (TTM) 19.12
P/BV 1.76
Dividend Yield 2.65 %
Market Cap. (M) 10,306.20
Return on Average Assets 4.23 %
Return on Average Equity 7.31 %

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