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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