Luberef shareholders approve 50% cash dividend for H2 2022

01/05/2023 Argaam Exclusive

Saudi Aramco Base Oil Co.’s (Luberef) shareholders approved the board’s recommendation to pay a cash dividend at 50%, or SAR 5 a share for H2 2022, during the ordinary general meeting, held on April 30, according to a statement to Tadawul.

 

Dividend Details (H2 2022)

Current Capital

SAR 1.68 bln

No. of Shares*

168.75 mln

Total Dividend

SAR 841.29  mln

Percentage of Capital

50% (SAR 5 a share)

Record Date

April 30, 2023 (Shareholders of record registered with Edaa on the second trading day following the record date)

Payment Date

May 11, 2023

*168.26 mln shares are eligible for dividend

 

Shareholders also approved authorizing the board of directors to distribute an interim dividend for 2023 on a semi-annual or a quarterly basis, the statement added.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
19/02/2023 30/04/2023 11/05/2023 841.29 5.00
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 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

140.60
(0.20) (0.14 %)
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Valuation Data (Latest Share Price)

P/E (TTM) 18.21
P/E Before Unusual Items (TTM) 18.70
P/BV 5.58
Dividend Yield 6.87 %
Market Cap. (M) 23,726.25
Return on Average Assets 14.74 %
Return on Average Equity 26.63 %

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