The Capital raise is to take place by issuing one bonus share to each 3 shares owned by registered shareholders.
By this issuance the number of outstanding shares will increase from 30.5 m shares to 40.6 m.
It also approved 22.5% cash dividends(SAR2.25/share).
|
|
Capital raise details |
|||
|
|
SAR 305.0 mn |
Current capital |
||
|
|
30.5 mn shares |
Number of shares |
||
|
|
33.3% |
Capital raise (%) |
||
|
|
SAR 406 mn |
New capital |
||
|
|
40.6 mn shares |
# of Shares after raise |
||
|
|
April, 17, 2014 |
Record date |
||
|
Cash dividends details |
||||
|
SAR 68.6 mn |
Cash dividends |
|
||
|
22.5% ( SAR 02.25/share) |
% of capital |
|
||
|
April, 17, 2014 |
Record date |
|
||
|
Determines later |
Payment date |
|
||