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Riyadh Development OKs 2.5% dividend, statutory reserve transfer
AI Summary
Content Summary: 
Shareholders of Riyadh Development Co. approved a 2.5% cash dividend for the second half of 2024, at SAR 0.25 per share, during the extraordinary general meeting (EGM) held on May 8, the company said in a Tadawul statement.
|
Dividend Details (H2 2024) |
|
|
Current Capital |
SAR 2.33 bln |
|
Number of Shares |
233.9 mln |
|
Total Dividend |
SAR 58.48 mln |
|
Percentage of Capital |
2.5% (SAR 0.25 per share) |
|
Record Date |
May 8, 2025 |
|
Payment Date |
May 25, 2025 |
The board was also authorized to distribute semi-annual or quarterly dividends for 2025, the real estate developer said in a statement to Tadawul.
The shareholders also gave the go-ahead for transferring the entire SAR 184.7 million statutory reserve balance as of Dec. 31, 2024, to retained earnings.
Additionally, seven board members were elected for the next four-year term starting June 25, 2025.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 25/02/2025 | 08/05/2025 | 25/05/2025 | 58.48 | 0.25 | |
| 31/07/2024 | 01/09/2024 | 19/09/2024 | 44.44 | 0.25 | |
| 10/03/2024 | 23/04/2024 | 14/05/2024 | 88.89 | 0.50 | |
| 27/07/2023 | 10/08/2023 | 31/08/2023 | 44.44 | 0.25 | |
| 21/03/2023 | 30/04/2023 | 18/05/2023 | 44.44 | 0.25 | |
| 29/09/2022 | 10/10/2022 | 30/10/2022 | 44.44 | 0.25 | |
| 20/02/2022 | 12/05/2022 | 31/05/2022 | 88.89 | 0.50 | |
| 14/07/2021 | 09/09/2021 | 30/09/2021 | 177.78 | 1.00 | |
| 11/03/2021 | 18/04/2021 | 06/05/2021 | 115.56 | 0.65 | |
| 22/07/2020 | 13/09/2020 | 04/10/2020 | 88.89 | 0.50 |
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 | 1.69 | 25.30 | 6.68 % |
| Last 5 Financial years | 4.34 | 15.02 | 28.90 % |
| Last 10 Financial years | 9.14 | 15.24 | 59.97 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 28.26 |
| P/E Before Unusual Items (TTM) | 30.58 |
| P/BV | 1.90 |
| Dividend Yield | 1.31 % |
| Market Cap. (M) | 7,567.66 |
| Return on Average Assets | 7.46 % |
| Return on Average Equity | 8.31 % |
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