Al Moammar plans 25% capital hike through bonus shares, 10% dividend

05/01/2020 Argaam Exclusive

Al Moammar Information Systems Co.’s (MIS) board of directors recommended a 25% capital hike to SAR 200 million from SAR 160 million through the issuance of bonus shares.

 

The capital hike aims to support the company’s capital base and future activities which assist in achieving positive growth rates in the upcoming years.

 

The process is pending approval from the general assembly and regulator. 

 

Meanwhile, the board of directors recommended 10% cash dividend for the second half of 2019, at SAR 1 per share, amounting to SAR 16 million.

 

Key Figures of the Capital Hike

Current Capital

SAR 160 mln

Number of shares

16 mln

Hike (%)

25% (1 share for every 4 shares)

New Capital

SAR 200 mln

New number of shares

20 mln

Record date

General assembly meeting

Method

Capitalizing SAR 40 mln from retained earnings account

Driver

Support the company’s capital base and future activities

 

Dividend Details (H2 2019)

Dividend

SAR 16 mln

Percentage of capital

10% (SAR 1 per share)

Record date

January 12, 2020

Payment date

January 27, 2020

Dividend for FY 2019

Dividend

SAR 32 mln

Percentage of capital

20% (SAR 2 per share)

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)		 Dividends * Notes
05/01/2020 12/01/2020 27/01/2020 16.00 0.53
16/10/2019 31/10/2019 19/12/2019 16.00 0.53
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

Dividend History

Consolidated cash dividend Cash dividend per share (SAR) * The stock price at the beginning of the period (SAR) Return on the base price
Last 3 Financial years N/A N/A N/A
Last 5 Financial years N/A N/A N/A
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Al Moammar Information Systems Co.
144.80
(1.20) (0.82 %)

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Valuation Data (Latest Share Price)

P/E (TTM) More than 100
P/E Before Unusual Items (TTM) NEG
P/BV 12.15
Dividend Yield 1.10 %
Market Cap. (M) 4,344.00
Return on Average Assets 2.20 %
Return on Average Equity 10.96 %

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