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SPIMACOADDWAEIH General Assembly approved 52.98 % capital raise (from SAR 784.38m to SAR 1.2 bn) in a meeting held today.
The Capital raise is to take place by issuing 9 bonus share to each 17 shares owned by registered shareholders.
By this issuance the number of outstanding shares will increase from 78.44 m shares to 120 m.
It also approved 10% cash dividends(SAR1/share).
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Capital raise details
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SAR 784.38 mn
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Current capital
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78.44 mn shares
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Number of shares
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52.98% ( 9 for every 17shares)
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Capital raise (%)
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SAR 1200 mn
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New capital
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120 mn shares
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# of Shares after raise
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April, 17, 2014
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Record date
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Cash dividends details
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SAR 784.38 mn
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Current capital
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78.44 mn shares
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Number of shares
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SAR 78.44 mn
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cash dividends
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10% ( SAR 1/share)
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% of capital
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April, 17, 2014
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Record date
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