The Saudi British Bank’s (SABB) board of directors recommended a 50 percent capital raise from SAR 10 billion to SAR 15 billion and a 10.5 percent cash dividend (SAR 1.05/share) for 2014, as shown in the following table:
|
Capital raise details |
|
|
SAR 10000 mln |
Current capital |
|
1000 mln shares |
Number of shares |
|
50% ( one share for every two shares) |
Capital raise (%) |
|
SAR 15000 mln |
New capital |
|
1500 mln shares |
# of Shares after raise |
|
General Assembly day |
Record date |
|
Cash dividend details |
|
|
SAR 1050 mln |
Cash dividend |
|
10.5% ( SAR 1.05/share) |
% of capital |
|
General Assembly day in Q1 2015 |
Record date |
|
Determined later |
Payment date |
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