Theeb to distribute 5.9% dividend for Q4 2024

12/03/2025 Argaam Exclusive

Theeb Rent a Car Co.’s board of directors approved, on March 11, the payment of an interim cash dividend at 5.9% of capital, or SAR 0.59 a share, for the fourth quarter of 2024, according to a statement to Tadawul.

 

Cash Dividends (Q4 2024)

Current Capital

SAR 430 mln

Number of Shares

43 mln

Total Dividend

SAR 25.37 mln

Payout Ratio

5.9% (SAR 0.59 a share)

Record Date

March 16, 2025 (Shareholders registered with Edaa by the close of the second trading day following the record date)

Payment Date

March 26, 2025

 

Cash Dividends (2024)

Total Dividends

SAR 90.73 mln

Payout Ratio

21.1% (SAR 2.11 a share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
12/03/2025 16/03/2025 26/03/2025 25.37 0.59
06/11/2024 25/11/2024 05/12/2024 23.22 0.54
07/08/2024 12/08/2024 22/08/2024 21.93 0.51
16/05/2024 21/05/2024 04/06/2024 20.21 0.47
14/03/2024 19/03/2024 01/04/2024 17.63 0.41
08/11/2023 12/11/2023 28/11/2023 17.20 0.40
10/08/2023 14/08/2023 23/08/2023 14.62 0.34
01/06/2023 01/06/2023 13/06/2023 21.07 0.49
29/03/2023 03/04/2023 13/04/2023 25.37 0.59
14/11/2022 15/11/2022 27/11/2022 26.66 0.62
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 5.95 61.10 9.74 %
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

72.80
2.80 4.00 %

Valuation Data (Latest Share Price)

P/E (TTM) 17.13
P/E Before Unusual Items (TTM) 17.13
P/BV 3.77
Dividend Yield 2.75 %
Market Cap. (M) 3,130.40
Return on Average Assets 7.77 %
Return on Average Equity 23.42 %

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