Al-Bilad approves capital raise, 5% cash dividend for 2014

15/04/2015 Argaam

Bank Al-Bilad said it approved on Tuesday a 25 percent capital raise from SAR 4,000 million to SAR 5,000 million through the issuance of one bonus share for every four shares.

 

The bank also approved a five percent cash dividend to be issued at SAR 0.5 per share for 2014 .

 

Capital Raise Details

          SAR 4,000 mln

Current capital

          400 mln shares

Number of shares

          25% ( one share for every 4 shares)

Capital raise percentage

          SAR 5,000 mln

New capital

          500 mln shares

Number of Shares after raise

Cash Dividend Details

SAR 200 mln

Cash dividend

5% ( SAR 0.5/share)

Percent of capital

April 14, 2015

Record date

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.