The general assembly of Red Sea Housing Services Company approved 50% capital raise (from SAR 400m to SAR 600m) and 12.5% cash dividends after capital raise at SAR 1.25 per share for 2013, as shown in the following table:
|
Capital raise details |
|
|
SAR 400mn |
Current capital |
|
40mn shares |
Number of shares |
|
50% ( 1 for every 2 shares) |
Capital raise (%) |
|
SAR 600mn |
New capital |
|
60mn shares |
# of Shares after raise |
|
April 24, 2014 |
Record date |
|
cash dividends details |
|
|
SAR 600 mn |
capital (After raise) |
|
60 mn shares |
Number of shares |
|
SAR 75 mn |
cash dividends |
|
12.5% (SAR 1.25/share) |
% of capital |
|
April 24, 2014 |
Record date |
|
May 7, 2014 |
Payment date |
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