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Riyadh Cables shareholders approve 20% dividend for H2 2024
20/04/2025
Argaam Exclusive
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Shareholders of Riyadh Cables Group Co. approved on April 17 the board’s proposal for a 20% cash dividend, or SAR 2 a share, for the second half of 2024.
|
Dividend Details (H2 2024) |
|
|
Current Capital |
SAR 1.5 bln |
|
Number of Shares* |
150 mln |
|
Total Dividend |
SAR 299.44 mln |
|
Payment Ratio |
20% (SAR 2 a share) |
|
Record Date |
April 17, 2025 (Shareholders of record with Edaa on the close of the second trading day following the record date) |
|
Payment Date |
Within 15 days from the general assembly date |
|
Cash Dividends (2024) |
|
|
Total Dividends |
SAR 524.02 mln |
|
Percentage of Capital |
35% (SAR 3.5 a share) |
*149.72 mln shares eligible for dividend payout
The board of directors was also authorized to pay quarterly or semi-annual dividend for 2025, the cable producer said in a statement to Tadawul.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 10/03/2025 | 17/04/2025 | 07/05/2025 | 299.44 | 2.00 | |
| 04/09/2024 | 19/09/2024 | 10/10/2024 | 224.58 | 1.50 | |
| 07/03/2024 | 21/04/2024 | 12/05/2024 | 224.58 | 1.50 | |
| 04/10/2023 | 16/10/2023 | 06/11/2023 | 149.97 | 1.00 | |
| 12/03/2023 | 20/06/2023 | 13/07/2023 | 225.00 | 1.50 |
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 | 7.49 | 37.80 | 19.82 % |
| Last 5 Financial years | N/A | N/A | N/A |
| Last 10 Financial years | N/A | N/A | N/A |
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) | 22.59 |
| P/E Before Unusual Items (TTM) | 22.59 |
| P/BV | 7.03 |
| Dividend Yield | 2.54 % |
| Market Cap. (M) | 18,450.00 |
| Return on Average Assets | 15.35 % |
| Return on Average Equity | 21.91 % |
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