Saudi Hollandi Bank’s shareholders approved a board recommendation on Monday to raise the company’s capital by 100 percent to SAR 11.43 billion by issuing one bonus share for each existing share.
The bank will capitalize SAR 1.67 billion from retained earnings account and SAR 4.04 billion from the statutory deposit for the capital hike.
Shareholders also approved a proposal to pay a 2.5 percent cash dividend to be issued at SAR 0.25 per share for fiscal year 2015.
The decisions were made during the company’s extraordinary general assembly meeting
|
Capital Hike Details |
|
|
Current Capital |
SAR 5.72 bln |
|
Current number of shares |
571.5 mln |
|
Capital hike percent |
100% |
|
New capital |
SAR 11.43 bln |
|
New number of shares |
1.14 bln |
|
Record date |
May 2, 2016 |
|
Cash Dividend Details 2015 |
|
|
Cash dividend |
SAR 142.9 mln |
|
Percent capital |
2.5% (SAR 0.25/share) |
|
Record date |
May 2, 2016 |
|
Payment date |
To be determined |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}