AI Summary
Arabian Drilling Co.’s board of directors recommended, on Aug. 1, to distribute cash dividends of 25.3% of the capital, equivalent to SAR 2.53 per share, to shareholders for the first half of 2023.
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Dividend Details |
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Current capital |
SAR 890 mln |
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Current Number of shares |
89 mln |
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Total Dividend |
SAR 225.17 mln |
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Percentage of capital |
25.3% (SAR 2.53 per share) |
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Record date |
By the end of the trading day of the OGM which will be determined later (Shareholders registered with Edaa at the end of the second trading day following the record date) |
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Payment date |
To be announced |
This will be the company’s first cash dividend since listing on the Saudi Exchange (Tadawul) on Nov. 7, 2022, according to data available with Argaam.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 02/08/2023 | 01/11/2023 | 13/11/2023 | 225.17 | 2.53 |
| 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 |
| P/E (TTM) | 59.46 |
| P/E Before Unusual Items (TTM) | 66.68 |
| P/BV | 1.45 |
| Dividend Yield | 2.42 % |
| Market Cap. (M) | 8,526.21 |
| Return on Average Assets | 1.38 % |
| Return on Average Equity | 2.44 % |
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