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 .
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Capital Raise Details |
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SAR 4,000 mln |
Current capital |
|
400 mln shares |
Number of shares |
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25% ( one share for every 4 shares) |
Capital raise percentage |
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SAR 5,000 mln |
New capital |
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500 mln shares |
Number of Shares after raise |
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Cash Dividend Details |
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SAR 200 mln |
Cash dividend |
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5% ( SAR 0.5/share) |
Percent of capital |
|
April 14, 2015 |
Record date |
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