GO shareholders OK dividend payout at 3% for FY 2023/24

19/09/2024 Argaam Exclusive

Etihad Atheeb Telecommunication Co.'s (GO) shareholders approved the board of director’s recommendation to distribute a cash dividend at 3% of the company’s capital, or SAR 0.3 per share, for the fiscal year ended March 31, 2024, during the extraordinary general meeting (EGM) held on Sept. 18, according to a statement to Tadawul.

 

Dividend Details

Current Capital

SAR 339.99 mln

Number of Shares

33.99 mln

Total Dividends

SAR 10.19 mln

Percentage of Capital

3% (SAR 0.3 per share)

Record Date

Sept. 18, 2024 (Shareholders of record in the Edaa register by the close of the second trading day following the record date.

Payment Date

Sept. 30, 2024

 

Shareholders also approved an amendment to Article 3 of the company's bylaws regarding the company's purposes, specifically by deleting paragraphs on research and development in the field of engineering and technology and resale activities for telecommunications services (distributors).

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
09/06/2024 18/09/2024 30/09/2024 10.20 0.30
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 0.30 9.37 3.20 %
Last 5 Financial years 0.30
Last 10 Financial years 0.30 76.82 0.39 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM) 19.44
P/E Before Unusual Items (TTM) 23.93
P/BV 6.06
Dividend Yield 0.58 %
Market Cap. (M) 3,670.92
Return on Average Assets 16.09 %
Return on Average Equity 48.77 %

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