Al-Jouf Agricultural Development Co.’s shareholders approved a 5% cash dividend at SAR 0.50 a share, for H2 2019, during the general assembly meeting held on May 6, 2020.
Shareholders also approved delegating the company’s board of directors to distribute dividend for FY 2020 on an annual or a semi-annual basis.
The general assembly also approved a board recommendation to stop setting aside 10% of net profit for statutory reserve as the account reached over 30% of capital.
|
Dividend Details (H2 2019) |
|
|
Current Capital |
SAR 300 mln |
|
Number of shares |
30 mln |
|
Dividend |
SAR 15 mln |
|
Percentage of capital |
5% (SAR 0.50 per share) |
|
Record date |
May 6, 2020(the second days following this date) |
|
Payment date |
To be determined later |
|
Dividend (FY 2019) |
|
|
Dividend |
SAR 30 mln |
|
Percentage of capital |
10% (SAR 1 per share) |
| P/E (TTM) | 26.87 |
| P/E Before Unusual Items (TTM) | 30.55 |
| P/BV | 2.70 |
| Dividend Yield | 1.53 % |
| Market Cap. (M) | 2,010.00 |
| Return on Average Assets | 7.02 % |
| Return on Average Equity | 10.56 % |
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