SAIC OGM to vote on 10% dividend for 2023 on June 11
Saudi Advanced Industries Co.’s (SAIC) shareholders are set to vote on a board recommendation to distribute a 10% cash dividend, or SAR 1 per share, for 2023, according to a Tadawul statement.
The voting will be held during the ordinary general meeting (OGM) scheduled for June 11.
|
Dividend Details (2023) |
|
|
Current Capital |
SAR 600 mln |
|
Number of Shares* |
60 mln |
|
Total Dividends |
SAR 59 mln |
|
Percentage of Capital |
10% (SAR 1/share) |
|
Record Date |
June 11, 2024 including shareholders registered with Edaa by the end of the second trading day following the record date |
|
Payment Date |
To be announced later |
*The number of eligible shares is 59 million
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 20/03/2024 | 11/06/2024 | 30/06/2024 | 59.00 | 1.00 | |
| 27/03/2023 | 04/06/2023 | 19/06/2023 | 30.00 | 0.50 | |
| 13/03/2022 | 31/05/2022 | 15/06/2022 | 37.50 | 0.63 | |
| 23/03/2021 | 23/06/2021 | 05/07/2021 | 12.50 | 0.21 | |
| 19/08/2020 | 30/08/2020 | 15/09/2020 | 12.50 | 0.21 | |
| 30/12/2018 | 28/02/2019 | 13/03/2019 | 12.50 | 0.21 | |
| 10/05/2017 | 05/02/2018 | 22/02/2018 | 12.50 | 0.21 | |
| 10/05/2017 | 03/07/2017 | 19/07/2017 | 12.50 | 0.21 | |
| 23/12/2014 | 19/04/2015 | 12/05/2015 | 21.60 | 0.36 | |
| 21/02/2009 | 05/05/2009 | 26/05/2009 | 21.60 | 0.36 |
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 | 2.50 | 39.87 | 6.27 % |
| Last 5 Financial years | 3.54 | 11.43 | 30.99 % |
| Last 10 Financial years | 4.17 | 14.13 | 29.49 % |
Based on the beginning of the period (January 1 of the base year)
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Valuation Data (Latest Share Price)
| P/E (TTM) | NEG |
| Recurring P/E (TTM) | NEG |
| P/BV | 0.71 |
| Dividend Yield | - |
| Market Cap. (M) | 727.20 |
| Return on Average Assets | (2.95 %) |
| Return on Average Equity | (3.60 %) |
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