Al Hammadi Development & Investment Company’s board of directors recommended on Tuesday a 60 percent capital raise from SAR 750 million to SAR 1,200 million through the issuance of bonus shares (six shares for every ten shares).

The company’s board also recommended a 10 percent cash dividend at SAR 1 per share for 2014.
 

Capital Rise Details

SAR 750 mln

Current capital

75 mln shares

Number of shares

60% (six shares for every ten shares)

Capital raise percentage

SAR 1,200 mln

New capital

120 mln shares

Number of Shares after raise

Extraordinary General Assembly day

Record date

Cash Dividend Details

SAR 75 mln

Cash dividend

10% ( SAR 1/share)

Percent of capital

General Assembly day

Record date

Determined later

Payment date
     

 

 

 

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