Al Moammar board recommends 25% bonus issue, 11% cash dividend for H2 2020

Al Moammar Information Systems Co.'s (MIS) board of directors recommended a 25% capital increase to SAR 250 million through issuing one bonus share for every 4 shares held, the company said in a bourse statement. It also recommended distributing 11% cash dividend for the second half of 2020, at SAR 1.1 per share, amounting to SAR 22 million.

Details of Capital Increase
Current Capital	SAR 200 mln
Number of shares	20 mln shares
Capital hike percentage	25% (one share for every 4 shares held)
Capital after increase	SAR 250 mln
Number of shares after increase	25 mln shares
Record date	Shareholders owning the shares on record date in the register of shareholders at Edaa by the end of second trading day after record date.
Objective of capital hike	To boost the company's capital to cope with future expansions and goals.
Dividend Details (H2 2020)
Dividend	SAR 22 mln
Percentage of capital	11 % (equivalent to SAR1 per share)
Record date	January 7, 2021
Payment date	January 20, 2021
Dividend Details (2020)
Dividend		SAR 42 mln
Percentage of capital		21 % (equivalent to SAR 2.1 per share)

Share fractions will be reoffered to shareholders pro rata within 30 days maximum of share allocation.

The capital increase is subject to the approval of the competent authorities as well as MIS extraordinary general meeting (EGM).

Kindly, you can view the full report by subscribing to the and the report contains details, historical information, and charts

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

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.

Valuation Data (Latest Share Price)

P/E (TTM)	51.14
P/E Before Unusual Items (TTM)	More than 100
P/BV	13.34
Dividend Yield	1.10 %
Market Cap. (M)	5,568.00
Return on Average Assets	4.70 %
Return on Average Equity	29.65 %

Al Moammar board recommends 25% bonus issue, 11% cash dividend for H2 2020

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Most Read

Valuation Data (Latest Share Price)

Popular Links

Quick Links

About Us

Join Us

Follow Us