Shareholders of Abdulla Saad Abo Moati for Bookstore Co. will vote Aug. 21 on the board’s recommendation to raise the company’s capital to SAR 200 million from SAR 160 million through the issuance of bonus shares.

 

The company will distribute 25 percent bonus shares - or one bonus share for every four shares held, the bookstore operator said in a bourse statement.

 

Shareholders will also vote on a 5 percent cash dividend at SAR 0.5 per share for the fiscal year ending Mar. 31, 2019.

  

Key Figures of the Capital Hike

Current Capital

SAR 160 mln

Number of shares

16 mln shares

Hike (%)

25% (1 share for every 4 shares held)

New Capital

SAR 200 mln

New number of shares

20 mln shares

Method

Capitalizing SAR 11.24 mln from statutory reserve and SAR 28.76 mln from retained earnings

Driver

To implement future plans

 

Dividend Details

Dividend

SAR 8 mln

Percentage of capital

5% (SAR 0.5 per share)

Record date

Aug. 21

Payment date

To be determined

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