NCLE shareholders approve 8% cash dividend for FY18/19

26/12/2019 Argaam Exclusive

The extraordinary general assembly meeting (EGM) of National Company for Learning and Education (NCLE) approved distributing cash dividend at 8%, or SAR 0.8 a share, totaling SAR 34.4 million for the fiscal year 2018/2019, ending Aug. 31, 2019, according to a bourse filing on Thursday.

Dividend Details (2018/2019)

Current Capital

SAR 430 mln

Number of shares

43 mln

Dividend

SAR 34.4 mln

Percentage of capital

8% (SAR 0.8 per share)

Record date

December 25, 2019

Payment date

January 14, 2020

Moreover, shareholders approved using the SAR 109.4 worth of funds allocated for the construction works in Al Qasr educational complexes 1 and 2 in Al Khobar to the acquisition of Riyadh-based Al-Ghad Schools and Al-Khwarizmi Co. for Education atSAR 66.7 million. The remaining funds at SAR 42.7 million will be allocated for financing a school complex in Qairawan.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
06/11/2019 25/12/2019 14/01/2020 34.40 0.80
29/11/2018 20/02/2019 07/03/2019 17.20 0.57
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

Valuation Data (Latest Share Price)

P/E (TTM) 58.36
P/E Before Unusual Items (TTM) 58.36
P/BV 11.61
Dividend Yield 1.00 %
Market Cap. (M) 9,210.60
Return on Average Assets 11.99 %
Return on Average Equity 21.07 %

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