Saudi Ceramic Co.’s shareholders are set to vote on a 33.3% capital hike to SAR 800 million from SAR 600 million, during the extraordinary general meeting that will be held on March 30, 2021.
The capital hike will take place through the issue of one bonus share for every three shares held, the company said in a statement to Tadawul.
The process will be financed by transferring SAR 200 million from retained earnings.
Accordingly, the number of shares will be increased to 80 million shares from 60 million.
During the meeting, shareholders will also vote on delegating the company’s board of directors to distribute cash dividend for the fiscal year 2021 on a quarterly or semi-annual basis.
|
Key Figures of the Capital Hike |
|
|
Current Capital |
SAR 600 mln |
|
Number of shares |
60 mln |
|
Hike (%) |
33.3% (one share for every existing three shares) |
|
New Capital |
SAR 800 mln |
|
New number of shares |
80 mln |
|
Record date |
March 30, 2021 |
|
Driver |
To match the size of the company's business and assets, and support its future expansions |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}