2023-06-05 17:29:04
Al-Jazira Capital revealed the top 10 dividend-distributing companies in the Saudi stock market “Tadawul”, led by SABIC Agro-Nutrients Company, which paid the highest dividends to shareholders, as the dividend yield reached 9.7%, as a result of the company’s superior performance, followed by Sipchem and Al-Othaim at 9.1% and 8.9%, respectively. They were followed by the shares of Sinomy Centers and Yansab, at 8.3% and 6.5%, respectively. Indicating that the average dividend yield to price for the market as a whole was 2.75%.
According to “Al-Jazira Capital”, by the end of May, the shares of SABIC Agro-Nutrients and Sipchem recorded the lowest profitability multiples at 6.9 times and 8.7 times, respectively, followed by the shares of The Saudi Investment Bank and Luberef with 10.3 times and 10.5 times profitability multiples, respectively.
She added that Senomy Centers and Dar Al-Arkan recorded the lowest book value multiples in April at 0.71 and 0.83 times, respectively, followed by Kingdom shares at 0.90 times and Northern Cement shares at 0.95.
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According to “Al-Jazira Capital”, the main market index (TASI) closed the month of May 2023 at 11,014 points, a decrease of 2.6% from the previous month’s close, with an average daily trading value of 5.9 billion Saudi riyals, and the total traded value for the month reached 136.0 billion riyals, an increase of 44.4%. For April, the total traded value amounted to 94.6 billion riyals.
And added the form of trading in the shares of basic materials and banking sectors, accounting for 36.2% of the total trading value for the month. Out of 21 sectors in the market, 8 sectors increased during May compared to the previous month, as the pharmaceutical sector recorded the largest increase by 49.8%, followed by the transport sector, which increased by 7.6%.
And Abant, the best performance of the month was the Saudi German share, up by 50.6% from the previous month, followed by Spimaco, up by 49.8% during the same period. On the other hand, Tihama archyde news and Public Relations performed the worst during the month, declining by 20.6%. The free share ownership of qualified foreign investors in the Kingdom for the month of May 2023 accounted for 13.03% of the total free share ownership in the market, which is slightly lower than its level for the month of April at 13.04%.
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