Halwani’s BoD proposes SAR2.5 DPS for 2016, slightly ahead
Halwani Brothers' board of directors (BoD) is proposing a cash dividend of SAR2.50/share for FY2016 (total of SAR71.4mn). The dividend implies a payout ratio of c104% (based on our 2016 earnings estimate) and a dividend yield of c4.0%. The proposal is in line with last year’s dividend and slightly above our forecast of SAR2.0/share. Ex-dividend date is the day following the AGM whose date is yet to be announced. (Company, Hatem Alaa) Halwani Brothers: SAR62.08 as of 22 December 2016, Rating: Sell, FV: SAR46.00 per share, MCap: USD473 million, HB AB / 6001.SE
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.