ADES declares 21.6% cash dividend for H1 2024

05/08/2024 Argaam Exclusive

ADES Holding Co.'s board of directors decided on a 21.6% cash dividend, or SAR 0.216 per share, for H1 2024, the company said in a statement to Tadawul.

 

Dividend Details

Capital

SAR 1.12 bln

Number of Shares*

1.12 bln

Par Value

SAR 1 per share

Total Dividend

SAR 237.5 mln

Percentage of Capital

21.6% (or SAR 0.216 per share)

Record Date

Shareholders registered with the Securities Depository Center Co. (Edaa) on the date of the shareholders meeting and on the second trading day following the meeting date (to be announced)

Payment Date

To be determined

*The number of shares entitled to dividends is 1.09 billion shares.

 

The company said in a statement on Tadawul that the total number of treasury shares not entitled to dividends amount to 30.4 million shares to date.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
05/08/2024 15/09/2024 01/10/2024 237.50 0.22
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

19.66
(0.34) (1.70 %)

Valuation Data (Latest Share Price)

P/E (TTM) 29.12
P/E Before Unusual Items (TTM) 24.97
P/BV 3.58
Dividend Yield -
Market Cap. (M) 22,197.32
Return on Average Assets 3.83 %
Return on Average Equity 17.34 %

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