Arriyadh Development's General Assembly approves 33.3% capital raise and 15% cash dividends for 2013

15/04/2014 Argaam

The General Assembly of Arriyadh Development Co. approved 33.3% capital raise (from SAR 1000 m to SAR 1333.3m) in a meeting held Monday April, 04, 2014.

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 100 m shares to 133.3m shares.

 

The GA also approved 15% cash dividends (SAR 1.5/share) for 2013.

Capital raise details

SAR 1000 mn

Current capital

100 mn shares

Number of shares

33.3% ( 1/3 shares)

Capital raise (%)

SAR 1333.3 mn

New capital

133.3 mn shares

# of Shares after raise

April, 14, 2014

Record date
 

 

 2013 cash dividends

SAR 1000 mn

Current capital

100 mn shares

 Shares

SAR 150 mn

Cash dividends

15% ( SAR 1.5/share)

% of capital

April, 14, 2014

Record date

Determined later

Payment date
 
 

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