Fawaz Al Hokair BOD recommended 100% capital raise (from SAR 1050m to SAR 2100 m) in a meeting held yesterday.
The Capital raise is to take place by issuing one bonus share to each 1 share owned by registered shareholders.
By this issuance the number of outstanding shares will increase from 105 m shares to 210 m.
It also recommended 30% cash dividends for H2 of 2014, ended March, 31, 2014.
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Capital raise details |
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SAR 1050 mn |
Current capital |
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105 mn shares |
Number of shares |
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100% ( 1 for every 1 shares) |
Capital raise (%) |
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SAR 2100 mn |
New capital |
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210 mn shares |
# of Shares after raise |
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GA day |
Record date |
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H2 cash dividends details |
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SAR 1050 mn |
Current capital |
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105 mn shares |
Number of shares |
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SAR 315 mn |
cash dividends |
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30% ( SAR 3/share) |
% of capital |
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April, 24, 2014 |
Record date |
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Determines later |
Payment date |
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Dividends |
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SAR 472.5 mn |
Total dividends |
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45% ( SAR 4.5/share) |
% of capital |
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