Al Khaleej Training and Education Co. said it has approved a 14.3 percent capital raise from SAR 350 million to SAR 400 million through the issuance of one bonus share for every seven shares.
The company also approved an eight percent cash dividend to be issued at SAR 0.80 per share for last year, as shown below.
|
Capital Raise Details |
|
|
SAR 350 mln |
Current capital |
|
35 mln shares |
Number of shares |
|
14.28% ( one share for every 7 shares) |
Capital raise percentage |
|
SAR 400 mln |
New capital |
|
40 mln shares |
Number of Shares after raise |
|
April 21, 2015 |
Record date |
|
Cash Dividend Details |
|
|
SAR 28 mln |
Cash dividend |
|
8% ( SAR 0.80/share) |
Percent of capital |
|
April 21, 2015 |
Record date |
|
To be determined |
Payment day |
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