Maharah board approves SAR 0.075 cash dividend for H2 2023

31/03/2024 Argaam Exclusive

Maharah Human Resources Co.’s board of directors declared on March 30 a 7.5% cash dividend, or SAR 0.075 per share, for the second half of 2023.

 

Dividend (H2 2023)   

Current Capital 

SAR 475 mln

Number of Shares*

475 mln

Nominal Value per Share

SAR 1

Total Dividends 

SAR 33.75 mln

Percentage of Capital 

7.5% (SAR 0.075 per share)

Record Date 

April 2, 2024 (Shareholders registered with the Securities Depository Center (Edaa) by the close of the second trading day following the record date)

Payment Date 

April 22, 2024

*The number of eligible shares stands at 405 mln

 

In February, Maharah’s shareholders approved in an extraordinary general meeting (EGM) the board’s proposal for reducing the stock's nominal value from SAR 10 to SAR 1 per share.

 

The company distributed cash dividends of SAR 1 per share, or 10% of the capital, for the first half of 2023.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
31/03/2024 02/04/2024 22/04/2024 33.75 0.08
28/08/2023 31/08/2023 10/09/2023 45.00 0.10
07/03/2023 12/03/2023 22/03/2023 37.50 0.08
30/08/2022 04/09/2022 14/09/2022 46.88 0.10
13/03/2022 17/03/2022 29/03/2022 75.00 0.16
17/08/2021 22/08/2021 02/09/2021 65.63 0.14
17/03/2021 21/03/2021 05/04/2021 75.00 0.16
02/09/2020 06/09/2020 22/09/2020 84.38 0.18
18/03/2020 23/03/2020 06/04/2020 120.00 0.25
16/09/2019 01/10/2019 16/10/2019 100.13 0.21
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 0.65 5.84 11.12 %
Last 5 Financial years 1.45 5.99 24.16 %
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

6.25
(0.05) (0.79 %)

Valuation Data (Latest Share Price)

P/E (TTM) 24.34
P/E Before Unusual Items (TTM) 24.34
P/BV 4.77
Dividend Yield 2.09 %
Market Cap. (M) 2,973.50
Return on Average Assets 6.88 %
Return on Average Equity 20.52 %

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