SAIC board proposes 7.5% cash dividend for 2023

17/03/2024 Argaam Exclusive

Saudi Advanced Industries Co.’s (SAIC) board recommended on March 16 the distribution of a 7.5% cash dividend, or SAR 0.75 per share, for 2023, according to a Tadawul statement.

 

Dividend Details (2023)

Current Capital

SAR 600 mln

Number of Shares*

60 mln

Total Dividends

SAR 44.25 mln

Percentage of Capital

7.5% (SAR 0.75/share)

Record Date

Shareholders registered with Edaa by the end of the second trading day following the general assembly date

Payment Date

To be announced later

*The number of eligible shares is 59 million

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
27/03/2023 04/06/2023 19/06/2023 30.00 0.50
13/03/2022 31/05/2022 15/06/2022 37.50 0.63
23/03/2021 23/06/2021 05/07/2021 12.50 0.21
19/08/2020 30/08/2020 15/09/2020 12.50 0.21
30/12/2018 28/02/2019 13/03/2019 12.50 0.21
10/05/2017 05/02/2018 22/02/2018 12.50 0.21
10/05/2017 03/07/2017 19/07/2017 12.50 0.21
23/12/2014 19/04/2015 12/05/2015 21.60 0.36
21/02/2009 05/05/2009 26/05/2009 21.60 0.36
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 2.13 15.25 13.94 %
Last 5 Financial years 2.54 10.61 23.96 %
Last 10 Financial years 3.53 13.48 26.16 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 6.66
P/E Before Unusual Items (TTM) 6.58
P/BV 1.75
Dividend Yield 3.43 %
Market Cap. (M) 2,139.00
Return on Average Assets 27.32 %
Return on Average Equity 29.44 %

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