AI Summary
Logo of Mulkia Investment Co.
Mulkia Investment Co.’s board of directors recommended, in its meeting held on March 12, a cash dividend at 25% of capital, or SAR 2.5 per share, for 2024, as follows:
|
Cash Dividends (Q3 2024) |
|
|
Current Capital |
SAR 65 mln |
|
Number of Shares |
6.5 mln |
|
Total Dividends |
SAR 16.25 mln |
|
Percentage of Capital |
25% (SAR 2.5 a share) |
|
Record Date |
Shareholders of record on the general meeting date (to be determined) and those registered with Edaa on the second trading day following the meeting date |
|
Payment Date |
To be determined after shareholders’ approval |
The board further recommended a 20% capital increase via a bonus issue, or one bonus share for every five existing shares, as follows:
|
Capital Increase Details |
|
|
Current Capital |
SAR 65 mln |
|
Current Number of Shares |
6.5 mln |
|
Nominal Value / Share |
SAR 10 |
|
Capital Increase (%) |
20% (One bonus shares for each five existing shares) |
|
Method |
Capitalizing SAR 13 million from retained earnings |
|
New Capital |
SAR 78 mln |
|
Number of Shares |
7.8 mln |
|
Reason |
Enhancing financial solvency in line with its future aspirations, implementing growth plans and maximizing shareholder returns. |
|
Eligibility |
Shareholders of record on the general meeting, which will be determined later, and those registered with Edaa by the end of the second trading day after the general meeting date |
Share fractions, if any, will be consolidated into a single portfolio for all shareholders and sold at the market price. The resulting amount will then be distributed among eligible shareholders pro rata, within a period not exceeding 30 days. The bonus distribution is conditional upon obtaining the approval of the relevant regulatory authorities and shareholders.
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