Astra Industrial’s board gave the green light on Wednesday to raise the company’s capital from SAR 741 million to SAR 800 million through the issuance of five bonus shares for every 63 shares.
The company also approved a 7.5 percent cash dividend to be issued at SAR 7.5 per share for 2014.
|
Capital Raise Details |
|
|
SAR 741.18 mln |
Current capital |
|
74.12 mln shares |
Number of shares |
|
8% ( 5 shares for every 63 shares) |
Capital raise percentage |
|
SAR 800 mln |
New capital |
|
80 mln shares |
Number of Shares after raise |
|
April 28, 2015 |
Record date |
|
Cash Dividend Details |
|
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SAR 55.6 mln |
Cash dividend |
|
7.5% ( SAR 0.75/share) |
Percent of capital |
|
April 28, 2015 |
Record date |
|
May 18, 2015 |
Payment day |
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