Riyadh Cables shareholders approve 15% cash dividend for H2 2023

22/04/2024 Argaam Exclusive

Shareholders of Riyadh Cables Group Co. approved the board’s recommendation to pay cash dividends of SAR 1.5 per share, or 15% of capital, for H2 2023 during the ordinary general meeting (OGM) held on April 21.

 

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 a share)

Record Date

April 21 (Shareholders registered with Edaa on the second day of trading following the record date)

Payment Date

Within 15 days from the OGM date

 

Total Dividend (2023)

Total Dividend

SAR 374.55 mln

Percentage of Capital

25% (SAR 2.5 per share)

 

The shareholders also agreed to authorize the board of directors to distribute interim dividends to the shareholders for the fiscal year 2024, according to a statement to Tadawul.

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

117.00
2.00 1.74 %

Valuation Data (Latest Share Price)

P/E (TTM) 25.08
P/E Before Unusual Items (TTM) 24.70
P/BV 6.63
Dividend Yield 2.70 %
Market Cap. (M) 17,550.00
Return on Average Assets 12.92 %
Return on Average Equity 28.45 %

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