Astra Industrial Group’s board said it recommended on Monday an 8 percent capital raise from SAR 741 million to SAR 800 million through the issuance of five bonus shares for every 63 shares.
The company’s board also recommended a 7.5 percent cash dividend to be issued at SAR 0.75 per share for 2014.
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Capital Raise Details |
|
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SAR 741.18 mln |
Current capital |
|
74.12 mln shares |
Number of shares |
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8% ( five shares for every 63 shares) |
Capital raise percentage |
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SAR 800 mln |
New capital |
|
80 mln shares |
Number of shares after raise |
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General Assembly Day |
Record date |
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Cash Dividend Details |
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SAR 55.6 mln |
Cash dividend |
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7.5% ( SAR 0.75/share) |
Percent of capital |
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General Assembly Day |
Record date |
|
Determined later |
Payment day |
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