KEIR shareholders to vote on 7.4% dividend for 2022, 10:1 stock split on June 20

31/05/2023 Argaam

Logo of KEIR International Co.

Shareholders of KEIR International Co. will vote on a 7.4% cash dividend, or SAR 0.74 per share, for 2022, during the extraordinary general meeting (EGM) scheduled for June 20.

 

Dividend Details (2022)

Current Capital

SAR 120 mln

Number of Shares

12 mln

Dividend

SAR 8.93 mln

Percentage of Capital

7.4% (SAR 0.74 per share)

Record Date

June 20, 2023 (Shareholders registered with Edaa by the close of the second trading day after the EGM date)

Payment Date

To be set later

 

They will also vote on reducing the stock’s nominal value from SAR 10 to SAR 1 (10:1 stock split), the company said in a Tadawul statement.

 

Accordingly, the total number of shares will increase to 120 million from 12 million shares. The company’s capital will remain unchanged.

 

Stock Split Details

Current Capital

SAR 120 mln

Number of Shares

12 mln

Nominal Value

SAR 10/share

Post-Split Capital

SAR 120 mln

Post-Split Number of Shares

120 mln

Post-Split Nominal Value

SAR 1/share
 

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