Yamama Cement EGM to vote on 10% cash dividend for 2023 on March 25

27/02/2024 Argaam Exclusive

Shareholders of Yamama Cement Co. are set to vote on the board’s proposal to distribute a 10% cash dividend, or SAR 1 per share, for 2023, during an extraordinary general meeting (EGM) scheduled for March 25, as follows:

Dividend Details (2023)
Current Capital	SAR 2.02 bln
Number of Shares	202.5 mln
Total Dividends	SAR 202.5 mln
Percentage of Capital	10% (SAR 1 per share)
Record Date	March 25, 2024 (Shareholders of record and those registered with Edaa at the end of the second trading day following record date)
Payment Date	To be determined later

Shareholders will also vote to elect board members for the forthcoming term, running from March 29, 2024, to March 28, 2028, according to a Tadawul statement today, Feb. 27.

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
12/02/2024	25/03/2024	21/04/2024	202.50	1.00	F Y _ 2023
15/02/2023	20/03/2023	09/04/2023	202.50	1.00	F Y _ 2022
11/02/2020	06/04/2020	20/04/2020	101.25	0.50	FY-2019
19/01/2017	27/02/2017	19/03/2017	50.63	0.25	The General Assembly approved 2.5% cash dividend Q4-2016
21/07/2016	15/08/2016	25/09/2016	50.63	0.25	The General Assembly approved 2.5 % cash dividend for Q2-2016
21/04/2016	28/04/2016	22/05/2016	101.25	0.50	The General Assembly approved 5 % cash dividend Q1-2016
26/01/2016	29/02/2016	14/03/2016	151.88	0.75	The General Assembly approved 7.5% cash dividend for Q4-2015
20/10/2015	30/11/2015	17/12/2015	151.88	0.75	The General Assembly approved 7.5% cash dividend for Q3-2015
09/07/2015	30/07/2015	17/08/2015	151.88	0.75	The General Assembly approved 7.5% cash dividend for Q2-2015
15/04/2015	31/05/2015	22/06/2015	151.88	0.75	The General Assembly approved 7.5% cash dividends for Q1 2015

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	2.00	28.45	7.03 %
Last 5 Financial years	2.50	12.80	19.53 %
Last 10 Financial years	9.50	57.50	16.52 %

Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	18.09
P/E Before Unusual Items (TTM)	19.05
P/BV	1.31
Dividend Yield	2.93 %
Market Cap. (M)	6,338.25
Return on Average Assets	5.19 %
Return on Average Equity	7.35 %

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