SAIC shareholders to vote on 10% dividend for 2024 on June 26
Saudi Advanced Industries Co.’s (SAIC) shareholders will vote on the board of director’s recommendation to distribute a 10% cash dividend, or SAR 1 per share, for 2024, during the ordinary general meeting (OGM) scheduled for June 26, according to a Tadawul statement.
|
Cash Dividend (2024) |
|
|
Current Capital |
SAR 600 mln |
|
Number of Shares* |
60 mln |
|
Total Dividend |
SAR 59 mln |
|
Percentage of Capital |
10% (SAR 1 a share) |
|
Record Date |
June 26, 2025 (Shareholders registered with Edaa on the second trading day following the OGM) |
|
Payment Date |
July 15, 2025 |
Shareholders will also vote on the election of the board members from the nominees for the upcoming term, which will begin on the date of the OGM, June 26, 2025, and run for four years, ending on June 25, 2029.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 29/04/2025 | 25/06/2025 | 15/07/2025 | 59.00 | 1.00 | |
| 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 |
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 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | NEG |
| Recurring P/E (TTM) | NEG |
| P/BV | 0.89 |
| Dividend Yield | - |
| Market Cap. (M) | 910.20 |
| Return on Average Assets | (12.16 %) |
| Return on Average Equity | (14.23 %) |
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