Saudi Fertilizers set to mull 25% capital raise in April

11/03/2015 Argaam
Saudi Arabia Fertilizers Company (SAFCO), one of the world’s largest producers of urea, said that is mulling a 25 percent capital raise from SAR 3.33 billion to SAR 4.17 billion.
 
The company’s board has invited shareholders to attend a meeting to discuss the idea on April 6. 
 
SAFCO is planning to issue one bonus share for every four outstanding shares.
 
During the meeting, the company is also expected to give the go-ahead for a 30 percent cash dividend at SAR 3 per share for the second half of 2014.

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