United International Transportation Company’s (Budget) board of directors recommended a 25 percent capital raise from SAR 406.6 million to SAR 508.3 million through the issuance of bonus shares (one share for every four shares). The board also recommended a 17 percent cash dividend (SAR 1.7/ share) for 2014, as shown below.
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Capital Rise Details |
|
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SAR 406.6mln |
Current capital |
|
40.6 mln shares |
Number of shares |
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25% |
Capital raise percentage |
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SAR 508.3 mln |
New capital |
|
50.8 mln shares |
Number of Shares after raise |
|
General Assembly day |
Record date |
|
Cash Dividend Details |
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SAR 69.1 mln |
Cash dividend |
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17% ( SAR 1.7/share) |
Percent of capital |
|
General Assembly day |
Record date |
|
Determined later |
Payment date |
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