solutions OKs 60% cash dividend for 2023

30/05/2024 Argaam Exclusive
Arabian Internet and Communications Services Co. (solutions) shareholders approved the board’s recommendation to pay a cash dividend at 60% of capital, or SAR 6 a share, for 2023, during the ordinary general meeting (OGM), held on May 29, according to a statement to Tadawul.
 

Cash Dividend Details

Current Capital

SAR 1.2 bln

Number of Shares*

120 mln

Total Dividend

SAR 714 mln

Percentage of Capital

60% (SAR 6 a share)

Record Date

May 29, 2024 (Shareholders of record and those registered with Edaa on the second trading day following the record date)

Payment Date

June 26, 2024

*Number of eligible shares is 119 mln

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
15/02/2024 29/05/2024 26/06/2024 714.00 6.00
16/02/2023 09/05/2023 28/05/2023 594.90 5.00
15/02/2022 29/05/2022 15/06/2022 475.20 4.00
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

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 21.00 193.00 10.88 %
Last 5 Financial years N/A N/A N/A
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Arabian Internet and Communications Services Co.
260.60
0.60 0.23 %

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Valuation Data (Latest Share Price)

P/E (TTM) 19.56
P/E Before Unusual Items (TTM) 20.50
P/BV 8.68
Dividend Yield 3.67 %
Market Cap. (M) 31,248.03
Return on Average Assets 15.03 %
Return on Average Equity 46.70 %

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