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×SARCO shareholders approve 7.5% cash dividend for 2020, refuse discharging board from liabilities
Saudi Arabia Refineries Co.'s (SARCO) shareholders approved the board of directors’ recommendation for the distribution of cash dividend at SAR 0.75 per share, or 7.5% of capital, for 2020, during the ordinary general assembly meeting (OGM) held on April 21, 2021.
Dividend Details |
|
Current Capital |
SAR 150 mln |
Number of shares |
15 mln shares |
Dividend |
SAR 11.25 mln |
Percentage of capital |
7.5 % (SAR 0.75 per share) |
Eligibility |
April 21, 2021 and shareholders registered in the shareholders’ register with the Securities Depository Center Co. (Edaa) at the end of the second day after this date. |
Payment date |
May 10, 2021 |
Meanwhile, shareholders elected members of the board of directors for the upcoming three-year term starting on May 1, 2021.
The new board includes Iyad bin Muhammad Haider Sheikh, Yasser Al-Aqeel, Ali bin Saleh Khabiti, Hattan bin Hamid Al-Shanbari, Sulaiman bin Saad Al-Humaid, Maqid bin Ibrahim Al-Otaibi, Prince Mohammed bin Khaled bin Turki and Fahad bin Abdulrahman Al-Makeal.
Shareholders refused to approve audited financial statements, and board and audit reports for 2020, as well as discharging board members from liabilities.
Dividend History (SAR/share) Corporate Actions
Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
04/03/2021 | 21/04/2021 | 10/05/2021 | 11.25 | 0.75 | |
11/03/2020 | 21/04/2020 | 10/05/2020 | 15.00 | 1.00 | |
07/03/2019 | 24/04/2019 | 08/05/2019 | 11.25 | 0.75 | |
01/03/2018 | 24/04/2018 | 08/05/2018 | 7.50 | 0.50 | |
23/02/2016 | 27/04/2016 | 19/05/2016 | 7.50 | 0.50 | |
23/02/2015 | 28/04/2015 | 19/05/2015 | 10.50 | 0.70 | |
19/02/2014 | 28/04/2014 | 19/05/2014 | 9.00 | 0.60 | |
19/02/2013 | 01/05/2013 | 22/05/2013 | 7.50 | 0.50 | |
13/02/2012 | 15/04/2012 | 12/05/2012 | 7.50 | 0.50 | |
15/02/2011 | 30/03/2011 | 03/05/2011 | 7.50 | 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 | 2.25 | 42.30 | 5.32 % |
Last 5 Financial years | 3.50 | 40.13 | 8.72 % |
Last 10 Financial years | 5.80 | 77.25 | 7.51 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | More than 50 |
P/E Before Unusual Items (TTM) | More than 50 |
P/BV | 3.02 |
Dividend Yield | 0.00 % |
Market Cap. (M) | 1,312.50 |
Return on Average Assets | 1.70 % |
Return on Average Equity | 1.76 % |
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