Special Report - (Namazone):
Saudi companies announced billion distributions to shareholders, for the year 2019, led by Saudi Aramco, which decided to distribute cash dividends that exceed all distributions for all companies combined for several years.
>According to the data available on the website (Namazon), the total dividends for 13 listed companies, the cash dividends exceeded the barrier of one billion riyals, about 327.4 billion riyals.
Aramco announced the distribution of 14.76 billion riyals to shareholders, at 0.0738 riyals per share, for the period from December 5, 2019 to December 31, 2019, which is the period extending from the date of the allocation of the offering shares. Year for investors until the end of 2019.
SABIC announced a decline in net profit during 2019 to 5.63 billion riyals, compared to 21.52 billion riyals for 2018, a decrease of 74%.
The third position of Saudi Telecom Company, which announced the distribution of cash dividends for the year 2019 worth 8 billion riyals, at 4 riyals per share.
Saudi Telecom’s profits declined marginally during 2019, to 10.76 billion riyals, compared to 10.78 billion riyals in the company’s profits in 2018, a decrease of 0.23%.
Al-Rajhi Bank finished fourth, with dividends amounting to 7.5 billion riyals, at 3 riyals per share, followed by Al-Ahli Bank, with about 7 billion riyals, at 2.3 riyals per share.
27 companies
27 companies listed in the Saudi market announced cash dividends for the year 2019, more than 100 million riyals, and less than one billion riyals, with a total distributions of about 9.68 billion riyals. < / p>
Jarir Marketing, topped the list with a total dividend of 960 million riyals, at 8 riyals per share, for shareholders who own the shares on the 16th of March, provided that the profits will be disbursed on March 25, 2020.
