Arriyadh Development Co.’s (ARDCO) shareholders are set to vote on a 33.33 percent capital hike to SAR 1.33 billion from SAR 1.78 billion through the issue bonus shares on May 2, 2019, the company said in a bourse statement.

 

Shareholders will also vote on an 8 percent cash dividend for the second half of 2019, at SAR 0.80 per share, amounting to SAR 106.67 million.

 

Key Figures of the Capital Hike

Current Capital

SAR 1.33 bln

Number of shares

133.33 mln

Hike (%)

33.33% (1 share for every 3 shares)

New Capital

SAR 1.78 bln

New number of shares

177.78 mln

Record date

General assembly meeting

Driver

To boost the company’s capital to match its business size and future plans.

 

Dividend Details (H2 2018)

Current Capital

SAR 1.33 bln

Number of shares

133.33 mln

Dividend

SAR 106.67 mln

Percentage of capital

8% (SAR 0.80 per share)

Record date

General assembly meeting

Payment date

To be determined

 

Comments

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Market Indices

TASI
11,811.11
(87.75) (0.74 %)
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0011,650.0011,700.0011,750.0011,800.0011,850.0011,900.00
Close : 11811.11 | Mar 6, 15:20
More

Quotes

ARDCO
32.55
(0.25) (0.76%)
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0032.0032.2532.5032.7533.0033.25
Close : 32.55 | Mar 6, 15:18
More


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website