The stock is trading ex dividend. So if you bought the shares before AGM, you will get 1 riyal per share. Bi the way, this is your future stock, with the value of projects in hand, this stock should easily hit 90 riyals in 3 years time. I am a buying this for long term as the current p.e. is trading at a discount compared to other stocks. Once the property market picks up, you should see a big rally in real esate stocks.
Another factor is Barwa Bank going public by year end or last year which will push the stock price higher.
The stock is trading ex dividend. So if you bought the shares before AGM, you will get 1 riyal per share. Bi the way, this is your future stock, with the value of projects in hand, this stock should easily hit 90 riyals in 3 years time. I am a buying this for long term as the current p.e. is trading at a discount compared to other stocks. Once the property market picks up, you should see a big rally in real esate stocks.
Another factor is Barwa Bank going public by year end or last year which will push the stock price higher.