Halwani Bros. Co.'s board of directors on Dec. 27, 2020, recommended a 12.5% capital increase through one-for-eight bonus share distribution and a 15% cash dividend at SAR 1.5 a share for the fiscal year 2020.
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Details of capital increase via bonus shares |
|
|
Current Capital |
SAR 314.29 million |
|
Number of shares |
31.43 million |
|
Percentage of increase |
12.5% (1 share for every 8 shares held) |
|
Capital after increase |
SAR 353.57 million |
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Number of shares after increase |
35.36 million |
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Due date |
Shareholders registered in the shareholders registry at the Depository Center at the end of the second trading day following the general meeting date which will be announced after obtaining the regulatory approval. |
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Reason for increase |
To boost the company's capital to match its business size and future goals. |
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Method of increase |
Capitalization of SAR 39.3 million from statutory reserve |
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Dividend Details |
|
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Current Capital |
SAR 314.29 bln |
|
Number of shares |
31.43 mln |
|
Dividend |
SAR 47.14 mln |
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Percentage of capital |
15% (SAR 1.5 per share) |
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Record date |
Shareholders registered in the shareholders registry at the Depository Center at the end of the second trading day following the general meeting date which will be announced after obtaining the regulatory approval. |
|
Payment date |
To be announced later |
The Tadawul-listed company said the cash dividend and bonus shares are pending the approval of competent authorities and extraordinary general meeting.
The fraction shares, if any, will be deposited in one portfolio for all shareholders, and will be sold at the market price. Thereafter, their value will be distributed to eligible shareholders pro rata within 30 days from the date of determining the outstanding shares for each shareholder.
| P/E (TTM) | NEG |
| P/E Before Unusual Items (TTM) | NEG |
| P/BV | 7.23 |
| Dividend Yield | - |
| Market Cap. (M) | 1,760.93 |
| Return on Average Assets | (11.26 %) |
| Return on Average Equity | (31.96 %) |
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