AI Summary
Derayah Financial Co.'s board of directors approved today, April 23, a cash dividend of SAR 0.325 per unit, or 16.25% of capital, to shareholders for Q1 2025, according to a Tadawul statement.
The policy, still subject to shareholders' approval in the upcoming general meeting, entails no less than SAR 1.30 per share for 2025, while also amounting to at least 60% of the annual distributable profits for 2026 and 2027.
The dividend payouts will be made on a quarterly basis, taking effect from the first quarter of 2025 until the fourth quarter of 2027.
The board of directors may consider dividend distributions that exceed the above threshold, based on the financial results for the relevant period, the company's capital requirements, and other relevant circumstances.
The proposed dividend policy could be altered in case of any significant changes in Derayah Financial’s strategy and operations, the financial solvency-related regulatory requirements, or contractual covenants of a financial nature, which the company may be subject to from time to time.
In a separate statement, the company said the board of directors approved a cash dividend of SAR 0.325 per share, or 16.25% of capital, for Q1 2025.
|
Dividend Details (Q1 2025) |
|
|
Current Capital |
SAR 499.47 mln |
|
Number of Shares* |
249.74 mln |
|
Total Dividend |
SAR 79.13 mln |
|
Percentage of Capital |
16.25% (SAR 0.325 per unit) |
|
Record Date |
May 1, 2025 |
|
Payment Date |
May 14, 2025 |
This will be the first dividend payout for the company since its listing on the Main Market (TASI) in March 2025, according to Argaam data.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 23/04/2025 | 01/05/2025 | 14/05/2025 | 79.13 | 0.32 |
| 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 | N/A | N/A |
| Last 5 Financial years | N/A | N/A | N/A |
| Last 10 Financial years | N/A | N/A | N/A |
| P/E (TTM) | 16.32 |
| P/E Before Unusual Items (TTM) | 16.32 |
| P/BV | 7.56 |
| Dividend Yield | - |
| Market Cap. (M) | 7,242.46 |
| Return on Average Assets | 39.14 % |
| Return on Average Equity | 44.40 % |
Be the first to comment
Comments Analysis: