Saudi Ceramic Company said it approved on Monday 33 percent capital raise from SAR 375 million to SAR 500 million through the issuance of one bonus share for every three shares.

 

The company also approved a 20 percent cash dividend to be issued at SAR 2 per share for 2014.

 

Capital Raise Details

SAR 375 mln

Current capital

37.5 mln shares

Number of shares

33% ( one share for every 3 shares)

Capital raise percentage

SAR 500 mln

New capital

50 mln shares

Number of Shares after raise

April 27, 2015

Record date

Cash Dividend Details

SAR 100 mln

Cash dividend

20% ( SAR 2/share)

Percent of capital

April 27, 2015

Record date

Determined later

Payment day

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