Al Hammadi Company Development & Investment Co. approved on Wednesday a 60 percent capital raise from SAR 750 million to SAR 1,200 million through the issuance of three bonus shares for every five shares.
It also approved a 10 percent cash dividend to be issued at SAR 1 per share for 2014.
Moreover, the company’s assembly agreed to raise the bed capacity of its Al Hammadi Hospital project in Al-Nozha to 600 instead of 428. The project’s value was modified to SAR 683 million from SAR 663 million, and its pilot launch is scheduled in Q1-2016.
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Capital Raise Details |
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SAR 750 mln |
Current capital |
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75 mln shares |
Number of shares |
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60% ( three shares for every 5 shares) |
Capital raise percentage |
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SAR 1,200 mln |
New capital |
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120 mln shares |
Number of Shares after raise |
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April 15, 2015 |
Record date |
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Cash Dividend Details |
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SAR 75 mln |
Cash dividend |
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10% ( SAR 1/share) |
Percent of capital |
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April 15, 2015 |
Record date |
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Determined later |
Payment day |
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