Arabian Drilling board OKs 25.3% cash dividend for H2 2023

18/03/2024 Argaam Exclusive

Arabian Drilling Co.’s board of directors approved on March 17 a cash dividend of 25.3%, or SAR 2.53 per share, for the second half of 2023.

 

Dividend Details (H2 2023)

Current Capital

SAR 890 mln

Current Number of Shares

89 mln

Total Dividend

SAR 225.17 mln

Percentage of Capital

25.3% (SAR 2.53 per share)

Record Date

March 18, 2024 (Shareholders registered with Edaa at the end of the second trading day following the general assembly date)

Payment Date

April 2, 2024

 

Full-Year Dividend

Total Dividends

SAR 450.34 mln

Percentage of Capital

50.6% (SAR 5.06/share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
18/03/2024 18/03/2024 02/04/2024 225.17 2.53
02/08/2023 01/11/2023 13/11/2023 225.17 2.53
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

112.20
(2.80) (2.43 %)

Valuation Data (Latest Share Price)

P/E (TTM) 20.41
P/E Before Unusual Items (TTM) 16.80
P/BV 1.69
Dividend Yield 2.65 %
Market Cap. (M) 9,985.80
Return on Average Assets 4.81 %
Return on Average Equity 8.31 %

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