AI Summary
AOL recommends granting 1 bonus share for every 2 held, alongside 10% cash dividends
In a separate statement on Tadawul, the company also said the board recommended a cash dividend at 10% of capital (SAR 1 per share) for the fiscal year ending June 30, 2025.
Capital Raise Details
|
Current Capital |
SAR 90 mln |
|
No. of Shares |
90 mln |
|
Par Value |
SAR 1 /share |
|
Capital Raise Percentage |
50% |
|
Method |
Capitalization of SAR 45 million from retained earnings (granting one bonus share for every two shares held) |
|
Post-Capital Hike |
SAR 135 mln |
|
No. of Shares Post-Hike |
135 mln |
|
Purpose |
Prioritize development and expansion in accordance with the strategic goals of the company |
|
Record Date |
Shareholders of record who are registered with the Securities Depository Center (Edaa) by the end of the second trading day following the extraordinary general meeting (EGM) date |
Cash Dividend Details
|
Current Capital |
SAR 90 mln |
|
Current No. of Shares |
90 mln |
|
Par Value |
SAR 1 / share |
|
Total Dividends |
SAR 9 mln |
|
Distribution Ratio |
10% (SAR 0.10 / share) |
|
Record Date |
Shareholders owning shares by the end of the second trading day following the EGM date |
|
Dividend Payment Date |
To be announced later |
Fractional shares, if any, will be compiled in one portfolio for all shareholders and will be offered at market price. Proceeds will be distributed among entitled shareholders pro rata within 30 days maximum.
The bonus issue is conditional on securing regulatory approvals and EGM’s endorsement of the capital hike and bonus share issuance.
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