Jamjoom Pharma shareholders approve 15% dividend for H2 2023

05/06/2024 Argaam Exclusive

Jamjoom Pharmaceuticals Factory Co.'s (Jamjoom Pharma) shareholders approved the board of directors’ recommendation to distribute a 15% cash dividend, or SAR 1.5 per share, for H2 2023, during the extraordinary general meeting held on June 4, according to a Tadawul statement.

 

Dividend Details (H2 2023)

Current capital

SAR 700 mln

Number of shares

70 mln

Dividend

SAR 105 mln

Percentage of capital

15% (SAR 1.5 per share)

Record date

June 4, 2024 (Including shareholders of record and those registered with Edaa by the close of the second trading day following the record date)

Payment date

June 13, 2024
 

2023 Dividends

Total dividend

SAR 175 mln

Percentage of capital

25% (SAR 2.5 per share)
 
Additionally, shareholders authorized the board of directors to distribute interim dividends on a quarterly or semi-annually basis for 2024.
They refused to pay remuneration of SAR 2.32 million to board members for 2023. They also rejected the transactions and contracts executed with some related parties.
 
Meanwhile, shareholders were granted a period of six months to revote on the agenda items No. 7, 18, 19, 20 and 21, as the -e-voting process was closed during the meeting.  

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
04/04/2024 04/06/2024 13/06/2024 105.00 1.50
10/08/2023 20/08/2023 03/09/2023 70.00 1.00
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

Jamjoom Pharmaceuticals Factory Co.
156.60
1.80 1.16 %

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Valuation Data (Latest Share Price)

P/E (TTM) 31.37
P/E Before Unusual Items (TTM) 31.37
P/BV 7.59
Dividend Yield 2.17 %
Market Cap. (M) 10,962.00
Return on Average Assets 19.87 %
Return on Average Equity 24.90 %

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