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.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 05/08/2024 | 15/09/2024 | 01/10/2024 | 237.50 | 0.22 |
| 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 |
| P/E (TTM) | 26.93 |
| P/E Before Unusual Items (TTM) | 23.09 |
| P/BV | 3.31 |
| Dividend Yield | - |
| Market Cap. (M) | 20,526.31 |
| Return on Average Assets | 3.83 % |
| Return on Average Equity | 17.34 % |
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