Kingdom Holding EGM OKs 2.8% cash dividend for 2024
Kingdom Holding Co.'s shareholders approved the board recommendation to distribute a 2.8% cash dividend at SAR 0.28 per share amounting to SAR 1.03 billion.
The amount represents a 0.7% quarterly dividend, at SAR 0.07 per share, totaling SAR 259.4 million for each quarter, for 2024, the company said in a statement to Tadawul.
|
Dividend Details (2024) |
|
|
Current Capital |
SAR 37.05 bln |
|
Number of Shares |
3.70 bln |
|
Dividend |
SAR 1.03 bln |
|
Dividend Per Quarter |
SAR 259.4 mln |
|
Payout Ratio |
2.8% (SAR 0.28 per share) |
|
Payout Ratio per Quarter |
0.7% (SAR 0.07/share) |
|
First Payment Record Date |
June 12, 2025 |
|
Payment Date |
10 business days from the second trading day following the record date |
|
Second Payment Record Date |
July 31, 2025 |
|
Payment Date |
10 business days from the second trading day following the record date |
|
Third Payment Record Date |
Oct. 1, 2025 |
|
Payment Date |
10 business days from the second trading day following the record date |
|
Fourth Payment Record Date |
Dec. 31, 2025 |
|
Payment Date |
10 business days from the second trading day following the record date |
Meanwhile, shareholders approved transferring the full statutory reserve balance of SAR 1.8 billion, as of Dec. 31, 2024, to the retained earnings account.
Shareholders also authorized the board of directors to distribute interim 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 |
| 26/03/2024 | 10/06/2024 | 24/06/2024 | 259.40 | 0.07 | |
| 26/03/2024 | 31/07/2024 | 14/08/2024 | 259.40 | 0.07 | |
| 26/03/2024 | 01/10/2024 | 15/10/2024 | 259.40 | 0.07 | |
| 26/03/2024 | 31/12/2024 | 14/01/2025 | 259.40 | 0.07 | |
| 30/03/2023 | 14/05/2023 | 29/05/2023 | 259.40 | 0.07 | |
| 30/03/2023 | 03/07/2023 | 18/07/2023 | 259.40 | 0.07 | |
| 30/03/2023 | 01/10/2023 | 16/10/2023 | 259.40 | 0.07 | |
| 30/03/2023 | 31/12/2023 | 15/01/2024 | 259.40 | 0.07 | |
| 27/02/2022 | 17/04/2022 | 26/04/2022 | 259.40 | 0.07 | |
| 27/02/2022 | 30/06/2022 | 14/07/2022 | 259.40 | 0.07 |
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 | 0.84 | 10.02 | 8.38 % |
| Last 5 Financial years | 1.84 | 7.53 | 24.44 % |
| Last 10 Financial years | 4.34 | 18.08 | 24.00 % |
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Valuation Data (Latest Share Price)
| P/E (TTM) | 32.40 |
| Recurring P/E (TTM) | 39.24 |
| P/BV | 0.71 |
| Dividend Yield | 3.50 % |
| Market Cap. (M) | 45,952.94 |
| Return on Average Assets | 1.91 % |
| Return on Average Equity | 2.56 % |
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