Riyadh Cables shareholders approve 20% dividend for H2 2024

20/04/2025 Argaam Exclusive
Shareholders of Riyadh Cables Group Co. approved on April 17 the board’s proposal for a 20% cash dividend, or SAR 2 a share, for the second half of 2024.
 

Dividend Details (H2 2024)

Current Capital

SAR 1.5 bln

Number of Shares*

150 mln

Total Dividend

SAR 299.44 mln

Payment Ratio

20% (SAR 2 a share)

Record Date

April 17, 2025 (Shareholders of record with Edaa on the close of the second trading day following the record date)

Payment Date

Within 15 days from the general assembly date

 

Cash Dividends (2024)

Total Dividends

SAR 524.02 mln

Percentage of Capital

35% (SAR 3.5 a share)

*149.72 mln shares eligible for dividend payout

 

The board of directors was also authorized to pay quarterly or semi-annual dividend for 2025, the cable producer said in a statement to Tadawul.

 

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
10/03/2025 17/04/2025 07/05/2025 299.44 2.00
04/09/2024 19/09/2024 10/10/2024 224.58 1.50
07/03/2024 21/04/2024 12/05/2024 224.58 1.50
04/10/2023 16/10/2023 06/11/2023 149.97 1.00
12/03/2023 20/06/2023 13/07/2023 225.00 1.50
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 7.49 37.80 19.82 %
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

123.00
(3.00) (2.38 %)

Valuation Data (Latest Share Price)

P/E (TTM) 22.59
P/E Before Unusual Items (TTM) 22.59
P/BV 7.03
Dividend Yield 2.54 %
Market Cap. (M) 18,450.00
Return on Average Assets 15.35 %
Return on Average Equity 21.91 %

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