Logo of Raoom Trading Co.
Raoom Trading Co.'s board of directors recommended today, March 23, a 25% capital increase to SAR 62.5 million, from SAR 50 million, through issuing one bonus share for every four shares held, the company said in a bourse statement.
The distribution of a 12.5% cash dividend for the second half of 2021, at SAR 1.25 per share, was also recommended.
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Details of Capital Increase |
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Current capital |
SAR 50 mln |
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Number of Shares |
5 mln shares |
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Capital hike% |
25% (one share for every 4 shares held) |
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Capital after increase |
SAR 62.50 mln |
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Number of shares after increase |
6.25 mln shares |
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Method of increase |
Through capitalizing SAR 12.5 million from retained earnings |
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Record date |
Shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day after the eligibility date. |
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Objective of capital hike |
To enhance the company's financial solvency and strengthen its capital to match the size of its business and future aspirations. |
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Dividend Details |
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Dividend |
SAR 6.25 mln |
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Percentage of capital |
12.5% (SAR 1.25 per share) |
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Record date |
By the end of the second trading day after the ordinary general assembly date, which will be announced later. |
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Payment date |
To be announced later |
The capital increase is subject to the approval of the competent authorities and the company's extraordinary general meeting (EGM).
Raoom debuted on Nomu - Parallel Market on Feb. 21.
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