Aldrees shareholders approve 25% bonus shares, 10% dividend for 2020
Aldrees Petroleum and Transport Services Co.’s shareholders approved a 25% capital hike to SAR 750 million from SAR 600 million, during the extraordinary general meeting held on April 14, 2021.
The capital hike will take place through the issue of one bonus share for every existing four shares, the company said in a statement to Tadawul.
During the meeting, shareholders also approved distributing a 10% cash dividend (SAR 1 per share) for 2020.
Key Figures of the Capital Hike |
|
Current capital |
SAR 600 mln |
Number of shares |
60 mln |
Hike (%) |
25% (1 bonus share for every 4 shares owned) |
New Capital |
SAR 750 mln |
New shares |
75 mln |
Method |
By transfer of SAR 150 mln from retained earnings |
Record date |
April 14, 2021 (Shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day following the due date) |
Reason |
To match the size of the company's business and assets, and support its future expansions |
Dividend Details (2020) |
|
Current Capital |
SAR 600 mln |
Number of shares |
60 mln |
Dividend |
SAR 60 mln |
Percentage of capital |
10% (SAR 1 per share) |
Record date |
April 14, 2021 (Shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day following the due date) |
Payment date |
April 28, 2021 |
The company added that in case of stock fractions, they will be grouped into a single portfolio of all shareholders and sold at market price. Following this, its value shall be distributed to the eligible shareholders of the grant, each according to his share, within a period of not exceeding 30 days from the date of determining the shares due to each shareholder.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
19/01/2021 | 14/04/2021 | 28/04/2021 | 60.00 | 0.60 | |
31/03/2020 | 28/04/2020 | 12/05/2020 | 90.00 | 0.90 | |
17/01/2019 | 18/03/2019 | 02/04/2019 | 50.00 | 0.50 | |
18/01/2018 | 05/03/2018 | 19/03/2018 | 50.00 | 0.50 | |
17/01/2017 | 12/03/2017 | 22/03/2017 | 40.00 | 0.40 | |
18/01/2016 | 02/03/2016 | 28/03/2016 | 80.00 | 0.80 | |
18/01/2015 | 08/03/2015 | 07/04/2015 | 80.00 | 0.80 | |
16/01/2014 | 05/03/2014 | 03/04/2014 | 60.00 | 0.60 | |
15/01/2013 | 02/03/2013 | 03/04/2013 | 60.00 | 0.60 | |
17/01/2012 | 10/03/2012 | 09/04/2012 | 50.00 | 0.50 |
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 | 2.00 | 13.43 | 14.89 % |
Last 5 Financial years | 2.90 | 17.26 | 16.80 % |
Last 10 Financial years | 6.20 | 12.38 | 50.09 % |
Valuation Data (Latest Share Price)
P/E (TTM) | 40.22 |
P/E Before Unusual Items (TTM) | 40.22 |
P/BV | 9.22 |
Dividend Yield | 0.56 % |
Market Cap. (M) | 12,060.00 |
Return on Average Assets | 3.82 % |
Return on Average Equity | 24.91 % |
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