MARAFIQ board declares 11% cash dividend for H2 2022

02/03/2023 Argaam Exclusive

Power and Utility Company for Jubail and Yanbu’s (MARAFIQ) board of directors, in a meeting on March 1, approved the distribution of a cash dividend at SAR 1.1 per share, or 11% of capital, for the second half of 2022, according to a statement to Tadawul.

 

Dividend Details

Current Capital

SAR 2.5 bln

Number of Shares

250 mln

Dividend

SAR 275 mln

Percentage of Capital

11% (or SAR 1.1 per share)

Record Date

March 8, 2023, including shareholders of record on the eligibility date and registered with Securities Depository Center Company (Edaa) by the end of the second trading day after this date.

Payment Date

March 23, 2023

 

According to data compiled by Argaam, this is the first dividend announced by MARAFIQ since its listing in the Saudi Exchange in November 2022.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
02/03/2023 08/03/2023 23/03/2023 275.00 1.10
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 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
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) 33.56
P/E Before Unusual Items (TTM) 33.56
P/BV 1.94
Dividend Yield 3.40 %
Market Cap. (M) 15,500.00
Return on Average Assets 1.98 %
Return on Average Equity 5.76 %

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