Bawan Company said it recommended on Thursday a 20 percent capital raise from SAR 500 million to SAR 600 million through the issuance of one bonus share for every five shares.
The company also approved a 2.5 percent cash dividend to be issued at SAR 0.25 per share for the second quarter of 2015.
|
Capital Raise Details |
|
|
SAR 500 mln |
Current capital |
|
50 mln shares |
Number of shares |
|
20% ( one share for every 5 shares) |
Capital raise percentage |
|
SAR 600 mln |
New capital |
|
60 mln shares |
Number of Shares after raise |
|
GA day |
Record date |
|
Cash Dividend Details |
|
|
SAR 12.5 mln |
Cash dividend |
|
2.5% ( SAR 0.25/share) |
Percent of capital |
|
August 6, 2015 |
Record date |
|
August 26 2015 |
Payment day |
|
H1-2015 Dividend |
|
|
SAR 37.5 mln |
Total dividend |
|
7.5% ( SAR 0.75/share) |
Percent of capital |
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