Al Khaleej Training & Education Co.’s extraordinary general assembly on Tuesday approved a 12.5 percent capital hike to SAR 450 million from SAR 400 million through the issue of one bonus share for every eight shares held, the company said in a statement on Tadawul.
Shareholders also approved a 5 percent cash dividend at SAR 0.5 per share for the fiscal year 2017.
|
Key Figures of Capital hike |
|
|
Current Capital |
SAR 400 mln |
|
Number of shares |
40 mln shares |
|
Increase (%) |
12.5% (1 for every 8 shares) |
|
New Capital |
SAR 450 mln |
|
New number of shares |
45 mln shares |
|
Record date |
April 24, 2018 |
|
Deriver |
To support the company’s expansions in educational projects |
|
Cash Dividend Details (FY 2017) |
|
|
Current Capital |
SAR 400 mln |
|
Number of shares |
40 mln shares |
|
Total cash dividend |
SAR 20 mln |
|
Percent of capital |
5% (SAR 0.5 per share) |
|
Record date |
April 24, 2018 |
|
Payment date |
To be determined |
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