Thob Al Aseel board approves 10% cash dividend for H2 2023

20/02/2024 Argaam Exclusive

Thob Al Aseel Co. board declared today, Feb. 20 the payment of a cash dividend at 10% of capital, or SAR 0.10 a share, for the second half of 2023, according to a statement to Tadawul.

Dividend Details (H2 2023)
Current Capital	SAR 400 mln
No. of Shares	400 mln
Total Dividend	SAR 40 mln
Percentage of Capital	10% (SAR 0.10 a share)
Eligibility	Shareholders of record by the end of trading on March 6, 2024, and those registered with Edaa by the end of the second trading day after the record date
Payment Date	Within 15 business days from record date

Dividend Details (2023)
Total Dividends	SAR 75 mln
Percentage of Capital	18.75% (SAR 0.187/share)

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
20/02/2024	06/03/2024	27/03/2024	40.00	0.10	H 2 _ 2023
19/07/2023	24/07/2023	14/08/2023	35.00	0.09	H 1 _ 2023
28/02/2023	21/03/2023	11/04/2023	30.00	0.08	H 2 _ 2022
28/07/2022	03/08/2022	24/08/2022	30.00	0.08	H1 _ 2022
21/02/2022	12/04/2022	26/04/2022	30.00	0.08	H2 _ 2021
15/07/2021	19/09/2021	10/10/2021	22.50	0.06	Q2-2021
20/07/2020	14/09/2020	27/09/2020	30.00	0.08	H1 - 2020
18/02/2020	08/03/2020	18/03/2020	37.50	0.09	H2-2019
22/07/2019	25/07/2019	04/08/2019	30.00	0.08	H1 -2019
24/02/2019	22/05/2019	30/05/2019	30.00	0.08	The General Assembly approved 10% cash dividend H2-2018

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	0.47	5.58	8.40 %
Last 5 Financial years	0.71	1.53	46.42 %
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)	20.48
P/E Before Unusual Items (TTM)	20.48
P/BV	2.95
Dividend Yield	4.00 %
Market Cap. (M)	1,716.00
Return on Average Assets	12.16 %
Return on Average Equity	14.51 %

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