The board of Tawuniya Insurance has recommended a 50 percent cash dividend (SAR 5 per share) for 2016. The company is also planning to raise its capital through a 1-for-4 bonus share distribution for the same year, it said in a statement to Tadawul.
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Bonus Share Details (FY 2016) |
|
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Current capital |
SAR 1000 mln |
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Number of shares |
100 mln shares |
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Capital raise percentage |
25% (1-for-4) |
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New capital |
1250 million |
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New number of shares |
125 million shares |
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Record date |
General assembly date (to be announced later) |
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2016 Cash Dividend |
|
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Total dividend |
SAR 500 million |
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Percentage of capital |
50% (SAR 5 share) |
|
Record date |
General assembly date |
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Payment Date |
To be announced later |
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