Alandalus Property shareholders to vote on 10% dividend for FY2019 on May 14

22/04/2020 Argaam Exclusive

Alandalus Property Co.’s shareholders are set to vote on a 10% cash dividend at SAR 1 a share, for the fiscal year 2019, during the general assembly meeting that will be held on May 14, 2020.

 

Shareholders will also vote on audited financial statements and audit report for FY2019 as well as the board report for the same period.

 

In addition, they will vote on discharging members of the board of directors from liabilities during FY2019.

 

During the meeting, they will also vote on appointing an external auditor to audit the company’s financial statements for Q2, Q3 and FY2020 as well as Q1 2021.

 

Meanwhile, they will also vote on authorizing the board of directors to pay semi-annual or quarterly dividends for FY2020.

Dividend Details (FY2019)

Current Capital

SAR 700 mln

Number of shares

70 mln

Dividend

SAR 70mln

Percentage of capital

10% (SAR 1 per share)

Record date

May 14, 2020 (including those registered at the Securities Depository Center “Edaa” at the end of the second trading day following the meeting date)

Payment date

To be determined

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25.90
(0.05) (0.19 %)
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Valuation Data (Latest Share Price)

P/E (TTM) More than 50
P/E Before Unusual Items (TTM) More than 50
P/BV 2.26
Dividend Yield 2.51 %
Market Cap. (M) 2,417.25
Return on Average Assets 1.69 %
Return on Average Equity 3.38 %

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