SAIC board recommends 5% dividend for 2024

27/03/2025 Argaam Exclusive

Saudi Advanced Industries Co.’s (SAIC) board recommended, on March 26, paying a 5% cash dividend, or SAR 0.5 per share, for 2024, according to a Tadawul statement.

 

Dividend (2024)

Current Capital 

SAR 600 mln

Number of Shares*

60 mln

Total Dividends 

SAR 29.5 mln

Percentage of Capital 

5% (SAR 0.5/share)

Record Date 

Shareholders of record and those registered with Edaa by the end of the second trading day following the general assembly date

Payment Date 

To be announced later

 * 59 mln shares entitled to dividends

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
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
21/02/2009 05/05/2009 26/05/2009 21.60 0.36
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 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 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

24.20
(0.68) (2.73 %)

Valuation Data (Latest Share Price)

P/E (TTM) 7.58
P/E Before Unusual Items (TTM) 7.58
P/BV 1.18
Dividend Yield 2.79 %
Market Cap. (M) 1,452.00
Return on Average Assets 14.33 %
Return on Average Equity 16.38 %

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