Riyadh Cables board plans 20% dividend for H2 2024

10/03/2025 Argaam Exclusive

Riyadh Cables Group Co.’s board of directors recommended a 20% cash dividend, or SAR 2 a share, for the second half of 2024.

 

Dividend Details (H2 2024)

Current Capital

SAR 1.5 bln

Number of Shares*

150 mln

Total Dividend

SAR 299.44 mln

Payment Ratio

20% (SAR 2 a share)

Record Date

Shareholders of record with Edaa on the close of the second trading day following the general assembly date (to be set later)

Payment Date

To be set later

*149.72 mln shares eligible for dividend payout
 

Cash Dividends (2024)

Total Dividends

SAR 524.02 mln

Percentage of Capital

35% (SAR 3.5 a share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
10/03/2025 - - 299.44 2.00
04/09/2024 19/09/2024 10/10/2024 224.58 1.50
07/03/2024 21/04/2024 12/05/2024 224.58 1.50
04/10/2023 16/10/2023 06/11/2023 149.97 1.00
12/03/2023 20/06/2023 13/07/2023 225.00 1.50
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 7.49 37.80 19.82 %
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

118.00
(9.80) (7.67 %)

Valuation Data (Latest Share Price)

P/E (TTM) 21.63
P/E Before Unusual Items (TTM) 21.63
P/BV 6.74
Dividend Yield -
Market Cap. (M) 17,700.00
Return on Average Assets 14.82 %
Return on Average Equity 33.59 %

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