ADES shareholders OK 21.6% dividend for H1 2024

16/09/2024 Argaam Exclusive

ADES Holding Co.'s shareholders approved the board's recommendation on paying a cash dividend of SAR 0.216 a share, or 21.6% of capital, for H1 2024, during an ordinary general meeting (OGM) held on Sept. 15, as follow:

 

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

Sept. 15, 2024 (Shareholders registered with Edaa by the close of the second trading day following the record date)

Payment Date

Oct. 1, 2024

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

 

Shareholders also authorized the board to pay interim cash dividends for 2024 on a semi-annual basis, according to a Tadawul statement.

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

18.20
0.02 0.11 %

Valuation Data (Latest Share Price)

P/E (TTM) 26.96
P/E Before Unusual Items (TTM) 23.12
P/BV 3.32
Dividend Yield -
Market Cap. (M) 20,548.89
Return on Average Assets 3.83 %
Return on Average Equity 17.34 %

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