AI Summary
Saudi Cement Co.'s shareholders are set to vote on a board recommendation to distribute a 10% cash dividend, at SAR 1 per share, for the second half of 2023, during the extraordinary general meeting (EGM) to be held on April 24, according to a statement to Tadawul.
|
Dividend Details (H2 2023) |
|
|
Current Capital |
SAR 1.53 bln |
|
Number of Shares |
153 mln |
|
Total Dividends |
SAR 153 mln |
|
Percentage of Capital |
10% (SAR 1 per share) |
|
Eligibility |
April 24, 2024 (Shareholders registered with Securities Depository Center (Edaa) at the end of the second trading day following the EGM date) |
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Payment Date |
May 8, 2024 |
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Dividend Details (2023) |
|
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Percentage of Capital |
25% (SAR 2.5 per share) |
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Total Dividends |
SAR 382.5 mln |
Meanwhile, shareholders will vote on authorizing the board of directors to distribute dividends for 2024 on a semi-annual or quarterly basis.
In addition, the EGM will vote on transferring the statutory reserve balance of SAR 459 million as of Dec. 31, 2023, to the retained earnings account.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| Data not available | |||||
| 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 | N/A | 19.72 | N/A |
| Last 5 Financial years | N/A | 17.14 | N/A |
| Last 10 Financial years | N/A | 28.82 | N/A |
| P/E (TTM) | NEG |
| P/E Before Unusual Items (TTM) | NEG |
| P/BV | 1.16 |
| Dividend Yield | - |
| Market Cap. (M) | 5,750.63 |
| Return on Average Assets | (1.87 %) |
| Return on Average Equity | (5.56 %) |
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