BCI shareholders approve 10% cash dividend for 2024

26/05/2025 Argaam Exclusive

Shareholders of Basic Chemical Industries Co. (BCI) approved the board of directors’ recommendation to distribute a cash dividend at SAR 1 per share, or 10% of capital, for 2024, during the ordinary general meeting (OGM), according to a statement to Tadawul.

 

Dividend Details

Current Capital

SAR 275 mln

Number of Shares

27.5 mln

Total Dividend

SAR 27.5 mln

Percentage of Capital

10% (SAR 1 per share)

Record Date

May 25, 2025 (Shareholders registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day after the record date)

Payment Date

June 15, 2025

 

Shareholders approved authorizing the board to distribute interim dividends, semi-annually or quarterly, for 2025.

 

They also elected a new board for the three-year term starting June 15, 2025. The elected members are: Abdullah Al-Moaibed, Tariq Al-Tamimi, Jassim Al-Rumaihi, Abdulaziz Alnaim, Nasser Al-Moaibed, Abdullah Al-Buainain, Othman Al-Humaidan, Abdulaziz Al-Tamimi, and Muhanna Al-Moaibed.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
21/04/2025 25/05/2025 15/06/2025 27.50 1.00
22/03/2023 14/06/2023 02/07/2023 27.50 1.00
19/12/2019 09/03/2020 17/03/2020 27.50 1.00
27/02/2018 15/05/2018 06/06/2018 27.50 1.00
05/03/2017 10/05/2017 23/05/2017 27.50 1.00
10/04/2016 15/05/2016 09/06/2016 27.50 1.00
19/01/2015 28/04/2015 07/05/2015 27.50 1.00
13/01/2014 21/04/2014 11/05/2014 27.50 1.00
12/01/2013 21/04/2013 13/05/2013 41.50 1.51
25/01/2012 01/05/2012 16/05/2012 27.50 1.00
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 2.00 40.85 4.90 %
Last 5 Financial years 2.00 23.98 8.34 %
Last 10 Financial years 6.00 31.21 19.22 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

26.14
(0.74) (2.75 %)

Valuation Data (Latest Share Price)

P/E (TTM) 48.91
P/E Before Unusual Items (TTM) 53.20
P/BV 1.23
Dividend Yield 3.24 %
Market Cap. (M) 718.85
Return on Average Assets 1.18 %
Return on Average Equity 2.49 %

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