SAIC board recommends 5% dividend for 2024
Saudi Advanced Industries Co.’s (SAIC) board recommended, on March 26, paying a 5% cash dividend, or SAR 0.5 per share, for 2024, according to a Tadawul statement.
Dividend (2024)
|
Current Capital |
SAR 600 mln |
|
Number of Shares* |
60 mln |
|
Total Dividends |
SAR 29.5 mln |
|
Percentage of Capital |
5% (SAR 0.5/share) |
|
Record Date |
Shareholders of record and those registered with Edaa by the end of the second trading day following the general assembly date |
|
Payment Date |
To be announced later |
* 59 mln shares entitled to dividends
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 |
| P/E Before Unusual Items (TTM) | NEG |
| P/BV | 0.98 |
| Dividend Yield | 2.79 % |
| Market Cap. (M) | 1,039.20 |
| Return on Average Assets | (7.68 %) |
| Return on Average Equity | (8.72 %) |
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