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Saudi Cement shareholders approve 15% dividend for H2 2024
AI Summary
Content Summary: 
Shareholders of Saudi Cement Co. approved the board's recommendation on a 15% cash dividend, at SAR 1.5 per share, for the second half of 2024.
The approval came during the extraordinary general meeting (EGM) held on April 30, the cement producer said in a Tadawul statement.
|
Cash Dividends (H2 2024) |
|
|
Current Capital |
SAR 1.5 bln |
|
Number of Shares |
153 mln |
|
Total Dividends |
SAR 229.5 mln |
|
Percentage of Capital |
15% (SAR 1.5 a share) |
|
Record Date |
April 30, 2025 (Shareholders of record and those registered with Edaa on the second trading day following the record date) |
|
Payment Date |
May 12, 2025 |
|
Cash Dividends (2024) |
|
|
Total Dividends |
SAR 420.75 mln |
|
Percentage of Capital |
27.5% (SAR 2.75 a share) |
The shareholders also authorized the board of directors to distribute interim dividends, quarterly or semi-annually, for 2025.
They also approved an amendment to the Articles of Association regarding the company’s objectives, adding port-related activities, storage within ports and customs or free zones, and the operation of truck parking areas.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 04/02/2025 | 30/04/2025 | 12/05/2025 | 229.50 | 1.50 | |
| 05/06/2024 | 09/06/2024 | 26/06/2024 | 191.25 | 1.25 | |
| 07/02/2024 | 24/04/2024 | 08/05/2024 | 153.00 | 1.00 | |
| 07/06/2023 | 11/06/2023 | 20/06/2023 | 229.50 | 1.50 | |
| 01/02/2023 | 13/04/2023 | 07/05/2023 | 267.75 | 1.75 | |
| 02/06/2022 | 05/06/2022 | 15/06/2022 | 229.50 | 1.50 | |
| 01/02/2022 | 10/04/2022 | 20/04/2022 | 306.00 | 2.00 | |
| 02/06/2021 | 06/06/2021 | 16/06/2021 | 229.50 | 1.50 | |
| 03/02/2021 | 07/04/2021 | 19/04/2021 | 306.00 | 2.00 | |
| 10/06/2020 | 15/06/2020 | 25/06/2020 | 229.50 | 1.50 |
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 | 8.50 | 54.90 | 15.48 % |
| Last 5 Financial years | 15.50 | 69.90 | 22.17 % |
| Last 10 Financial years | 37.75 | 95.74 | 39.43 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 15.74 |
| P/E Before Unusual Items (TTM) | 15.74 |
| P/BV | 2.96 |
| Dividend Yield | 6.45 % |
| Market Cap. (M) | 6,640.20 |
| Return on Average Assets | 13.29 % |
| Return on Average Equity | 19.18 % |
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