AI Summary
Logo of Mulkia Investment Co.
Mulkia Investment Co.’s board of directors recommended on March 19 a 10% cash dividend (SAR 1 per share) for 2025, according to a Tadawul statement.
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Dividend Details |
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Current Capital |
SAR 78 mln |
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Number of Shares |
7.8 mln |
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Total Dividend |
SAR 7.8 mln |
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Percentage of Capital |
10% (SAR 1 per share) |
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Record Date |
Shareholders of record at the close of trading on the general meeting date and who are registered with the Securities Depository Center (Edaa) by the end of second trading day following the record date. |
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Payment Date |
TBA |
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In a separate statement to Tadawul, Mulkia Investment’s board of directors recommended a 15.38% capital increase through a 1-for-6.5 bonus share distribution to the extraordinary general meeting (EGM).
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Capital Increase Details |
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Current Capital |
SAR 78 mln |
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Current No. of Shares |
7.8 mln |
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New Capital |
SAR 90 mln |
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New No. of Shares |
9 mln |
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Increase Percentage |
15.38% |
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Reason |
Continue to reinforce the company’s financial strength in line with its future goals, while enabling the execution of growth plans and maximizing shareholder value |
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Bonus Shares |
1-for-6.5 owned shares |
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Method |
Capitalization of SAR 12 million from retained earnings. |
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Record Date |
Shareholders of record at the close of trading on the general meeting date and who are registered with the Securities Depository Center (Edaa) by the end of second trading day following the record date. |
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Fractional shares, if any, will be compiled into a single portfolio for all shareholders and will be sold at market price. Their value will be distributed to eligible shareholders pro rata within a period not exceeding 30 days.
The capital increase, issuance of bonus shares, and treasury shares are subject to obtaining the necessary approvals from the relevant regulatory authorities and the company’s EGM, the statement added.
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