Saudi Ceramic Company’s (Ceramic) board of directors recommended a 33 percent capital raise from SAR 375 million to SAR 500 million and a 20 percent cash dividend (SAR 2/share) for 2014 as shown below.
|
Capital Raise Details |
|
|
SAR 375 mln |
Current capital |
|
37.5 mln shares |
Number of shares |
|
33% ( one share for every three shares) |
Percent of capital raise |
|
SAR 500 mln |
New capital |
|
50 mln shares |
Number of Shares after raise |
|
Determined later |
Record date |
|
Cash Dividend Details |
|
|
SAR 500 mln |
New capital |
|
50 mln shares |
Number of shares |
|
SAR 100 mln |
Cash dividend |
|
20% ( SAR 2/share) |
Percent of capital |
|
Determined later |
Record date |
|
Determined later |
Payment date |
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