Saudi Arabia Fertilizers Company (SAFCO) approved on Tuesday a 25 percent capital raise from SAR 3.33 billion to SAR 4.17 billion through the issuance of one bonus share for every four shares.
The company also approved a 30 percent cash dividend to be issued at SAR 3 per share for the second half of 2014.
|
Capital Raise Details |
|
|
SAR 3,333.33 mln |
Current capital |
|
333.33 mln shares |
Number of shares |
|
25% ( one share for every 4 shares) |
Capital raise percentage |
|
SAR 4,166.67 mln |
New capital |
|
416.67 mln shares |
Number of Shares after raise |
|
April 6, 2015 |
Record date |
|
Cash Dividend Details |
|
|
SAR 1,000 mln |
Cash dividend |
|
30% ( SAR 3/share) |
Percent of capital |
|
2014 Dividend |
|
|
SAR 2,333.33 mln |
Total dividend |
|
70% ( SAR 7/share) |
Percent of capital |
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