United International Transportation Company (Budget) said it approved on Thursday a 25 percent capital raise from SAR 406.6 million to SAR 508.3 million through the issuance of one bonus share for every four shares.
The company also approved a 17 percent cash dividend to be issued at SAR 1.7 per share for 2014.
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Capital Raise Details |
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SAR 406.6 mln |
Current capital |
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40.6 mln shares |
Number of shares |
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25% (1 share for every 4 shares) |
Capital raise percentage |
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SAR 508.3 mln |
New capital |
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50.8 mln shares |
Number of Shares after raise |
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April 23, 2015 |
Record date |
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Cash Dividend Details |
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SAR 69.1 mln |
Cash dividend |
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17% ( SAR 1./share) |
Percent of capital |
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April 23, 2015 |
Record date |
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Determined later |
Payment day |
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