Zahrat Al Waha shareholders to vote on 13.5% dividend for 2023 on June 3

06/05/2024 Argaam Exclusive

Shareholders of Zahrat Al Waha for Trading Co. will vote on the board of directors’ recommendation to pay a cash dividend at 13.5% of capital, or SAR 1.35 per share, for 2023, during the extraordinary general meeting (EGM) slated for June 3, as shown below:

 

Dividend Details (2023)

Current Capital

SAR 225 mln

Number of Shares

22.50 mln

Total Dividend

SAR 30.38 mln

Percentage of Capital

13.5% (SAR 1.35 a share)

Record Date

June 3, 2024 (Shareholders of record who are registered with Edaa at the end of the second trading day following record date)

Payment Date

To be determined later

 

Meanwhile, shareholders will vote on authorizing the board of directors to distribute interim dividends for 2024 on a semi-annual or quarterly basis, according to a statement to Tadawul.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
28/02/2024 03/06/2024 12/06/2024 30.38 1.35
02/03/2023 21/05/2023 04/06/2023 13.50 0.60
15/11/2021 09/05/2022 26/05/2022 22.50 1.00
25/02/2021 26/04/2021 01/06/2021 15.00 0.67
27/02/2020 19/04/2020 10/05/2020 11.25 0.50
24/10/2019 21/11/2019 02/12/2019 11.25 0.50
19/03/2019 19/05/2019 13/06/2019 15.00 0.67
27/02/2018 22/04/2018 06/05/2018 15.00 0.67
31/12/2015 - 31/12/2015 15.46 0.69
31/12/2014 - 31/12/2014 8.36 0.37
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 2.95 51.00 5.78 %
Last 5 Financial years 4.62 27.33 16.89 %
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

Valuation Data (Latest Share Price)

P/E (TTM) 31.46
P/E Before Unusual Items (TTM) 30.04
P/BV 2.50
Dividend Yield 3.65 %
Market Cap. (M) 729.00
Return on Average Assets 4.11 %
Return on Average Equity 7.84 %

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