Riyadh Cables shareholders to vote on 15% cash dividend for H2 2023 on April 21

31/03/2024 Argaam Exclusive

Riyadh Cables Group Co.’s shareholders will vote on the board's recommendation to distribute a 15% cash dividend (SAR 1.5 per share) for H2 2023, during an ordinary general meeting (OGM) to be held on April 21, the company said in a statement to Tadawul. 

 

Dividend Details (H2 2023) 

Current Capital 

SAR 1.5 bln 

Number of Shares* 

150 mln 

Total Dividend 

SAR 224.58 mln 

Percentage of Capital 

15% (SAR 1.5 per share) 

Record Date 

Shareholders of record on the general assembly date and those registered with Edaa on the second trading day after the record date 

Payment Date 

Within 15 working days from the OGM date 
 

Full-Year Dividend (2023)

Total Dividend 

SAR 374.55 mln 

Percentage of Capital 

25% (SAR 2.5 per share) 
*Shares eligible for dividend payout amount to 149.72 mln 
 
Shareholders will also vote on authorizing the board of directors to distribute interim dividends on a quarterly or semi-annual basis for 2024. 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
07/03/2024 21/04/2024 12/05/2024 224.58 1.50
04/10/2023 16/10/2023 06/11/2023 149.97 1.00
12/03/2023 20/06/2023 13/07/2023 225.00 1.50
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

Riyadh Cables Group Co.
109.40
(1.40) (1.26 %)

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Valuation Data (Latest Share Price)

P/E (TTM) 27.51
P/E Before Unusual Items (TTM) 26.99
P/BV 6.83
Dividend Yield 2.70 %
Market Cap. (M) 16,410.00
Return on Average Assets 10.93 %
Return on Average Equity 26.31 %

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