Arabian Pipes EGM to discuss 15% dividends for 2024 on June 3
Arabian Pipes Co.'s shareholders will discuss cash dividends for 2024 at 15% of capital, or SAR 0.15 a share, during the extraordinary general meeting (EGM) to be held on June 3, according to a Tadawul statement.
|
Dividend Details |
|
|
Current Capital |
SAR 150 mln |
|
Number of Shares |
150 mln |
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Total Dividend |
SAR 22.5 mln |
|
Percentage of Capital |
15% (SAR 0.15/share) |
|
Record Date |
June 3, 2025 (Shareholders of record who are registered with Edaa by the close of the second trading day following the EGM date, to be announced later |
|
Payment Date |
June 26, 2025 |
Shareholders will also vote on increasing capital from SAR 150 million to SAR 200 million, through capitalizing portion of the retained earnings. The capital hike will be implemented through a one-for-three bonus share distribution.
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Capital Increase Details |
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|
Current Capital |
SAR 150 mln |
|
Number of Shares |
150 mln |
|
Percentage Increase |
33% |
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New Capital |
SAR 200 mln |
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New Number of Shares |
200 mln |
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Method |
One-for-three bonus share distribution |
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Reserve Value |
SAR 50 mln will be capitalized from retained earnings |
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Record Date |
June 3, 2025 (Shareholders of record who are registered with Edaa by the close of second trading day following the record date) |
|
Reason |
To support and strengthen the capital base and future activities of the company |
In addition, shareholders will vote on authorizing the board to distribute cash dividends on a semi-annual or quarterly basis for 2025.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 27/02/2025 | 03/06/2025 | 26/06/2025 | 22.50 | 0.11 | |
| 29/12/2007 | 05/04/2008 | 16/04/2008 | 47.30 | 0.24 |
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 | 0.11 | 3.29 | 3.42 % |
| Last 5 Financial years | 0.11 | 2.53 | 4.45 % |
| Last 10 Financial years | 0.11 | 4.02 | 2.80 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 9.21 |
| P/E Before Unusual Items (TTM) | 10.04 |
| P/BV | 2.20 |
| Dividend Yield | 1.23 % |
| Market Cap. (M) | 1,058.00 |
| Return on Average Assets | 13.18 % |
| Return on Average Equity | 26.40 % |
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