Al-Othaim's General Assembly approves 100 % capital raise and 30% cash dividends

07/04/2014 Argaam

Al-Othaim General Assembly approved 100% capital raise (from SAR 225.0 m to SAR 450 m) in a meeting held on Sunday April, 06, 2014.

The Capital raise is to take place by issuing one bonus share to each 1 share owned by registered shareholders.

By this issuance the number of outstanding shares will increase from 22.5 m shares to 45 m.

The GA also approved 30% cash dividends (SAR 3/share) for 2013.

 

Capital raise details

SAR 225.0 mn

Current capital

22.5 mn shares

Number of shares

100%

Capital raise (%)

SAR 450 mn

New capital

45 mn shares

# of Shares after raise

April, 6, 2014

Record date
 

 

Cash dividends Details

225.0

Current capital

SAR 67.5 m

Dividends

30% (SAR 3/share)

Capital raise (%)

April, 6, 2014

Record date

April, 24, 2014

Payment date
 
 

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