SISCO board declares 4% dividend for H1 2023

24/08/2023 Argaam Exclusive

The board of Saudi Industrial Services Co. (SISCO) approved today, Aug. 24, a 4% cash dividend, or SAR 0.4 per share, for the first half of 2023, according to a statement to Tadawul.

Dividend Details (H1 2023)

Current Capital

SAR 816 mln

Number of Shares

81.60 mln

Total Dividend

SAR 32.64 mln

Percentage of Capital

4% (SAR 0.4 per share)

Record Date

Sept. 3, 2023 (Shareholders registered with Edaa on the second trading day following the record date)

Payment Date

Sept. 21, 2023

This payout is the initial payment of the ordinary dividends for the 12-month period ended Dec. 31, 2023, in accordance with the approved dividend policy for the fiscal years 2023 and 2024.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
24/08/2023 03/09/2023 21/09/2023 32.64 0.40
10/04/2023 30/04/2023 16/05/2023 32.64 0.40
11/08/2022 21/08/2022 08/09/2022 32.64 0.40
02/03/2022 10/03/2022 27/03/2022 32.64 0.40
12/08/2021 03/11/2021 23/11/2021 32.64 0.40
28/02/2021 05/05/2021 31/05/2021 65.28 0.80
27/02/2020 13/04/2020 28/04/2020 48.96 0.60
26/02/2019 07/05/2019 26/05/2019 32.64 0.40
28/03/2018 23/05/2018 10/06/2018 24.48 0.30
29/02/2016 02/05/2016 01/06/2016 34.00 0.42
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 2.40 31.20 7.69 %
Last 5 Financial years 3.80 10.78 35.24 %
Last 10 Financial years 5.33 13.96 38.20 %
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) More than 50
P/E Before Unusual Items (TTM) 43.22
P/BV 1.74
Dividend Yield 2.60 %
Market Cap. (M) 2,598.96
Return on Average Assets 0.54 %
Return on Average Equity 2.02 %

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