SISCO shareholders OK 8% cash dividend for 2024
Shareholders of Sustained Infrastructure Holding Co. (SISCO Holding) approved the board's recommendation on an 8% cash dividend (SAR 0.8 per share) for 2024, during the extraordinary general meeting (EGM) held on June 29.
Dividend Details (2024) |
|
Current Capital |
SAR 816 mln |
Number of Shares |
81.60 mln |
Total Dividend |
SAR 65.28 mln |
Percentage of Capital |
8% (SAR 0.8 per share) |
Record Date |
June 29, 2025 |
Payment Date |
July 20, 2025 |
In a statement to Tadawul, SISCO’s shareholders ratified the employee long-term incentive plan (LTIP). They also authorized the board to set the required terms and conditions, besides making the necessary amendments, if necessary, including the allocation price per employee.
They also approved other agenda items, including the reallocation of treasury shares to employees’ LTIP.
Shareholders, moreover, green-lit the board’s recommendation to transfer the statutory reserve balance of SAR 106.9 million to the retained earnings balance as of Dec. 31, 2024, the statement added.
In addition, they approved authorizing the board to distribute interim 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 |
11/05/2025 | 29/06/2025 | 20/07/2025 | 65.28 | 0.80 | |
12/03/2024 | 25/03/2024 | 18/04/2024 | 32.53 | 0.40 | |
24/08/2023 | 03/09/2023 | 21/09/2023 | 32.64 | 0.40 | |
10/04/2023 | 30/04/2023 | 16/05/2023 | 32.64 | 0.40 | |
11/08/2022 | 21/08/2022 | 08/09/2022 | 32.64 | 0.40 | |
02/03/2022 | 10/03/2022 | 27/03/2022 | 32.64 | 0.40 | |
12/08/2021 | 03/11/2021 | 23/11/2021 | 32.64 | 0.40 | |
28/02/2021 | 05/05/2021 | 31/05/2021 | 65.28 | 0.80 | |
27/02/2020 | 13/04/2020 | 28/04/2020 | 48.96 | 0.60 | |
26/02/2019 | 07/05/2019 | 26/05/2019 | 32.64 | 0.40 |
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 | 2.40 | 31.40 | 7.64 % |
Last 5 Financial years | 4.00 | 19.60 | 20.40 % |
Last 10 Financial years | 5.72 | 12.75 | 44.83 % |
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Valuation Data (Latest Share Price)
P/E (TTM) | 59.41 |
P/E Before Unusual Items (TTM) | 30.50 |
P/BV | 1.80 |
Dividend Yield | 2.50 % |
Market Cap. (M) | 2,683.01 |
Return on Average Assets | 0.75 % |
Return on Average Equity | 3.02 % |
Comments Analysis: