solutions plans SAR 10/shr ordinary, special dividend for 2024

17/02/2025 Argaam Exclusive

Arabian Internet and Communications Services Co.’s (solutions) board of directors recommended a SAR 8 per share ordinary cash dividend, in addition to SAR 2/share special dividend for 2024, according to a statement to Tadawul today, Feb. 17.

 

This brings total dividend for the year to SAR 10 per share.

Dividend Details (2024)

Current Capital

SAR 1.2 bln

Number of Shares*

120 mln

Total Dividends

SAR 11.90 bln

Percentage of Capital

100% (SAR 10 per share)

Regular Dividend

SAR 952 million (SAR 8 per share)

Special Dividend

SAR 238 million (SAR 2 per share)

Record Date

Shareholders of record at the end of the second trading day following the annual general meeting date, which will be announced later

Payment Date

To be determined later

*119 million shares are eligible for the dividend.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
17/02/2025 - - 952.00 8.00
17/02/2025 - - 238.00 2.00
15/02/2024 29/05/2024 26/06/2024 714.00 6.00
16/02/2023 09/05/2023 28/05/2023 594.90 5.00
15/02/2022 29/05/2022 15/06/2022 475.20 4.00
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 21.00 193.00 10.88 %
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

Valuation Data (Latest Share Price)

P/E (TTM) 24.35
P/E Before Unusual Items (TTM) 27.29
P/BV 9.70
Dividend Yield 3.67 %
Market Cap. (M) 38,880.00
Return on Average Assets 14.20 %
Return on Average Equity 20.57 %

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