The BOD of Saudi Investment Bank recommended 8.3% capital raise (from SAR 6 bn to SAR 6.5 bn).
The Capital raise is to take place by issuing one bonus share to each 12 shares owned by registered shareholders.
By this issuance the number of outstanding shares will increase from 600 m shares to 650 m.
The BOD also recommended 8% cash dividends (SAR 0.8/share) for the fiscal year 2014, in its meeting held on Thursday December, 04, 2014, as shown in the following table:
|
Capital raise details |
|
|
Current capital |
SAR 6000 mn |
|
Number of shares |
600mn shares |
|
Capital raise (%) |
8.3% ( 1 for every 12 shares) |
|
New capital |
SAR 6500 mn |
|
# of Shares after raise |
650 mn shares |
|
Record date |
Extraordinary GA day |
|
2014’s dividends |
|
|
Total dividends |
SAR 480mn |
|
% of capital |
8% ( SAR 0.80/share) |
|
Record date |
GA day |
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