Luberef shareholders approve 50% cash dividend for H2 2023

31/03/2024 Argaam Exclusive

Saudi Aramco Base Oil Co.’s (Luberef) shareholders approved the payment of a cash dividend at 50% of capital, or SAR 5 a share, for H2 2023, during the extraordinary general meeting (EGM) held on March 28, as follows:

 

Cash Dividends (H2 2023)

Current Capital

SAR 1.68 bln

No. of Shares*

168.75 mln

Total Dividends

SAR 841.28 mln

Percentage of Capital

50% (SAR 5 a share)

Record Date

March 28, 2024, Shareholders of record and those registered with Edaa on the second trading day following the record date.

Payment Date

April 18, 2024

*Number of eligible shares is 168.26 mln

 

Total Dividend (2023)

Total Dividend

SAR 1.68 mln

Percentage of Capital

100% (SAR 10 a share)

 

Meanwhile, shareholders also authorized the board of directors to distribute interim dividends for 2024 on a semiannual or quarterly basis, the company said in a statement to Tadawul.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
28/02/2024 28/03/2024 18/04/2024 841.28 5.00
30/07/2023 01/10/2023 15/10/2023 841.28 5.00
19/02/2023 30/04/2023 11/05/2023 841.29 5.00
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 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

109.00
(1.60) (1.45 %)

Valuation Data (Latest Share Price)

P/E (TTM) 17.82
P/E Before Unusual Items (TTM) 18.32
P/BV 4.44
Dividend Yield 6.87 %
Market Cap. (M) 18,393.75
Return on Average Assets 11.72 %
Return on Average Equity 23.50 %

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