SAIC shareholders approve 10% dividends for 2023

12/06/2024 Argaam Exclusive

Saudi Advanced Industries Co.’s (SAIC) shareholders approved the board recommendation to pay a cash dividend at 10%, or SAR 1 a share, for 2023, during the ordinary general meeting (OGM) held on June 11, according to a statement to Tadawul.

 

Cash Dividend Details

Current Capital

SAR 600 mln

Number of Shares*

60 mln

Total Dividend

SAR 59 mln

Percentage of Capital

10% (SAR 1 a share)

Record Date

June 11, 2024 (Shareholders of record who are registered with Edaa on the second trading day following the record date

Payment Date

June 30, 2024

*59 mln shares eligible for dividends

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
20/03/2024 11/06/2024 30/06/2024 59.00 1.00
27/03/2023 04/06/2023 19/06/2023 30.00 0.50
13/03/2022 31/05/2022 15/06/2022 37.50 0.63
23/03/2021 23/06/2021 05/07/2021 12.50 0.21
19/08/2020 30/08/2020 15/09/2020 12.50 0.21
30/12/2018 28/02/2019 13/03/2019 12.50 0.21
10/05/2017 05/02/2018 22/02/2018 12.50 0.21
10/05/2017 03/07/2017 19/07/2017 12.50 0.21
23/12/2014 19/04/2015 12/05/2015 21.60 0.36
21/02/2009 05/05/2009 26/05/2009 21.60 0.36
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 2.13 15.25 13.94 %
Last 5 Financial years 2.54 10.61 23.96 %
Last 10 Financial years 3.53 13.48 26.16 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

36.90
(0.45) (1.20 %)

Valuation Data (Latest Share Price)

P/E (TTM) 6.88
P/E Before Unusual Items (TTM) 6.80
P/BV 1.81
Dividend Yield 3.43 %
Market Cap. (M) 2,214.00
Return on Average Assets 27.35 %
Return on Average Equity 29.47 %

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