Alsaif Gallery board OKs SAR 0.10/share dividend for Q2

29/08/2023 Argaam Exclusive

The board of Al-Saif Stores for Development & Investment Co. (Alsaif Gallery) declared, on Aug. 28, a 10% cash dividend, or SAR 0.10 per share, for the second quarter of 2023, the company said in a statement to Tadawul.

 

Dividend Details (Q2 2023)

Current capital

SAR 350 mln

Number of shares

350 mln

Nominal value

SAR 1 per share

Dividend

SAR 35 mln

Percentage of capital

10% (SAR 0.10 per share)

Record date

Oct. 5, 2023 (Shareholders of record with Edaa by the close of the second trading day following the record date)

Payment date

Oct. 7, 2023

 
On May 7, Alsaif Gallery’s board recommended reducing the stock’s nominal value to SAR 1 from SAR 10. The recommendation was approved by the company’s shareholders in June, Argaam reported.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
29/08/2023 05/10/2023 17/10/2023 35.00 0.10
18/05/2023 09/07/2023 19/07/2023 35.00 0.10
19/03/2023 23/03/2023 04/04/2023 35.00 0.10
27/12/2022 29/12/2022 12/01/2023 35.00 0.10
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) 46.07
P/E Before Unusual Items (TTM) 46.07
P/BV 8.38
Dividend Yield -
Market Cap. (M) 3,633.00
Return on Average Assets 9.60 %
Return on Average Equity 18.33 %

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