Arabian Drilling shareholders approve 25.3% cash dividend for H1 2023

02/11/2023 Argaam Exclusive

Arabian Drilling Co.’s shareholders approved the board recommendation to pay a cash dividend at 25.3% of capital, or SAR 2.53 a share, for H1 2023.

 

Cash Dividend Details

Current Capital

SAR 890 mln

Current Number of Shares

89 mln

Total Dividends

SAR 225.17 mln

Payout Ratio

25.3% (SAR 2.53 a share)

Record Date

Nov. 1, 2023 and those registered with Edaa on the second trading day following the general meeting date

Payment Date

Nov. 13, 2023

 

Shareholders also authorized the board of directors to pay an interim dividend for 2023 on a semi-annual or a quarterly basis.

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 %

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.