solutions board recommends 60% cash dividend for 2023

15/02/2024 Argaam Exclusive

Arabian Internet and Communications Services Co.’s (solutions) board of directors recommended a 60% cash dividend, or SAR 6 per share, for 2023, according to a statement to Tadawul today, Feb. 15.

Dividend Details (2023)

Current Capital

SAR 1.2 bln

Number of Shares

120 mln

Total Dividends

SAR 714 mln

Percentage of Capital

60% (SAR 6 per share)

Record Date

Shareholders of record on the general assembly date and those registered with Edaa by the close of the second trading day following the meeting date, to be announced later

Payment Date

To be determined later

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
15/02/2024 29/05/2024 26/06/2024 714.00 6.00
16/02/2023 09/05/2023 28/05/2023 594.90 5.00
15/02/2022 29/05/2022 15/06/2022 475.20 4.00
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 15.00 196.20 7.65 %
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

Valuation Data (Latest Share Price)

P/E (TTM) 22.45
P/E Before Unusual Items (TTM) 25.52
P/BV 8.73
Dividend Yield 1.70 %
Market Cap. (M) 32,136.00
Return on Average Assets 13.13 %
Return on Average Equity 41.75 %

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