Almajed Oud board proposes 40% dividend for 2024

06/03/2025 Argaam Exclusive

The board of Almajed Oud Co. recommended on March 5 a 40% cash dividend, or SAR 4 per share, for 2024.

 

Dividend Details (2024)

Current Capital

SAR 250 mln

Number of Shares

25 mln

Dividend

SAR 100 mln

Percentage of Capital

40% (SAR 4 per share)

Record Date

Shareholders registered with Edaa by the close of the second trading day following the general assembly meeting

Payment Date

To be determined

 
According to data available on Argaam, this will be the first dividend issued by Almajed Oud since its listing on the Main Market (TASI) in October 2024.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
06/03/2025 - - 100.00 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 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

126.40
(10.60) (7.74 %)

Valuation Data (Latest Share Price)

P/E (TTM) 20.13
P/E Before Unusual Items (TTM) 19.51
P/BV 6.75
Dividend Yield 2.74 %
Market Cap. (M) 3,160.00
Return on Average Assets 20.08 %
Return on Average Equity 37.13 %

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