Kingdom Holding board plans 2.8% cash dividend for 2024

17/03/2025 Argaam Exclusive

Kingdom Holding Co.'s board of directors recommended a 2.8% cash dividend at SAR 0.28 per share, for 2024, the company said in a statement to Tadawul.

 

Dividend Details (2024)

Current Capital 

SAR 37.05 bln 

Number of Shares 

3.70 bln

Dividend 

SAR 1.03 bln 

Payout Ratio

2.8% (SAR 0.28 per share) 

Record Date 

Shareholders at the end of the second trading day after the record date and those registered with Edaa

Payment Date

To be announced later 

 

Total Dividend (2024)

Dividend 

SAR 2.07 bln 

Payout Ratio

5.6% (SAR 0.56 per share) 

 

According to data available on Argaam, shareholders of Kingdom Holding approved, in June 2024, the board of directors' recommendation on paying a 2.8% cash dividend, or SAR 0.28 per share, for 2024 from retained earnings. 

 

The payment is divided into quarterly dividends of 0.7%, or SAR 0.07 per share, totaling SAR 259.4 million per quarter. The total full-year distribution amounts to SAR 1.03 billion, or 2.8% of the capital.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
17/03/2025 - - 1,037.60 0.28
26/03/2024 10/06/2024 24/06/2024 259.40 0.07
26/03/2024 31/07/2024 14/08/2024 259.40 0.07
26/03/2024 01/10/2024 15/10/2024 259.40 0.07
26/03/2024 31/12/2024 14/01/2025 259.40 0.07
30/03/2023 14/05/2023 29/05/2023 259.40 0.07
30/03/2023 03/07/2023 18/07/2023 259.40 0.07
30/03/2023 01/10/2023 16/10/2023 259.40 0.07
30/03/2023 31/12/2023 15/01/2024 259.40 0.07
27/02/2022 17/04/2022 26/04/2022 259.40 0.07
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 0.84 10.02 8.38 %
Last 5 Financial years 1.84 7.53 24.44 %
Last 10 Financial years 4.34 18.08 24.00 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

8.06
0.13 1.64 %

Valuation Data (Latest Share Price)

P/E (TTM) 24.15
P/E Before Unusual Items (TTM) 26.82
P/BV 0.77
Dividend Yield 3.17 %
Market Cap. (M) 29,869.41
Return on Average Assets 2.27 %
Return on Average Equity 2.66 %

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