Aldrees shareholders to vote on 15% cash dividend for 2021 on Feb. 28

30/01/2022 Argaam Exclusive

Aldrees Petroleum and Transport Services Co.’s shareholders will vote on the board’s recommendation on paying cash dividend at 15% of capital, or SAR 1.5 a share, for 2021, during the ordinary general meeting (OGM), slated for Feb. 28, 2022, according to a bourse filing.

 

The dividend amounting to SAR 112.5 million will be payable as of March 14, the statement added.

 

Shareholders will also vote on the board’s as well as auditor’s reports and financial statements for 2021.

 

They will also discuss the appointment of an external auditor to review financial statements for Q2, Q3, and Q4 2022 and Q1 2023, as well as their fees.

 

Additionally, shareholders will vote on the business contracts between the company and other parties for 2022.

 

The voting on the agenda items will commence on Feb. 24 via Tadawulaty services.

Cash Dividend Details

Current Capital

SAR 750 mln

Number of Shares

75 mln

Dividend

SAR 112.5 mln

Percentage of Capital

15% (SAR 1.5 per share)

Record Date

Feb, 28, 2022, for shareholders of record at the end of the day, in which the general meeting will be held, and shareholders registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the general meeting date

Payment Date

March 14, 2022

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
18/01/2022 28/02/2022 14/03/2022 112.50 1.13
19/01/2021 14/04/2021 28/04/2021 60.00 0.60
31/03/2020 28/04/2020 12/05/2020 90.00 0.90
17/01/2019 18/03/2019 02/04/2019 50.00 0.50
18/01/2018 05/03/2018 19/03/2018 50.00 0.50
17/01/2017 12/03/2017 22/03/2017 40.00 0.40
18/01/2016 02/03/2016 28/03/2016 80.00 0.80
18/01/2015 08/03/2015 07/04/2015 80.00 0.80
16/01/2014 05/03/2014 03/04/2014 60.00 0.60
15/01/2013 02/03/2013 03/04/2013 60.00 0.60
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 2.63 18.71 14.03 %
Last 5 Financial years 3.63 15.89 22.81 %
Last 10 Financial years 6.83 10.85 62.89 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

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Valuation Data (Latest Share Price)

P/E (TTM) 38.58
P/E Before Unusual Items (TTM) 38.58
P/BV 8.54
Dividend Yield 0.56 %
Market Cap. (M) 11,100.00
Return on Average Assets 3.91 %
Return on Average Equity 23.21 %

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