SAL board approves 19% cash dividend for Q2, Q3 2023

12/11/2023 Argaam Exclusive

SAL Saudi Logistics Services Co.’s (SAL) board declared on Nov. 10 the payment of a cash dividend at 19% of capital, or SAR 1.90 a share, for the second and third quarters of 2023, according to a statement to Tadawul.

 

Details of Cash Dividend (Q2 and Q3 2023)

Current Capital

SAR 800 mln

No. of Shares

80 mln

Total Dividend

SAR 152 mln

Percentage of Capital

19% (SAR 1.90 a share)

Record Date

Nov. 16, 2023

Payment Date

Within 15 business days from record date

 

This dividend is the first for the company since its listing on the Main Market on Nov. 1, 2023, data compiled with Argaam showed. 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
12/11/2023 16/11/2023 07/12/2023 152.00 1.90
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

SAL Saudi Logistics Services Co.
307.20
(7.40) (2.35 %)

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Valuation Data (Latest Share Price)

P/E (TTM) 40.04
P/E Before Unusual Items (TTM) 40.04
P/BV 18.59
Dividend Yield 1.75 %
Market Cap. (M) 24,576.00
Return on Average Assets -
Return on Average Equity 51.82 %

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