ACWA Power wind turbine power generator
ACWA Power Co.'s shareholders will vote on the board of directors' recommendation on 28 a 4.5% cash dividend, or SAR 0.45 per share, for 2023, during an extraordinary general assembly meeting, to be held on April 29, the company said in a statement to Tadawul.
Shareholders will also vote on the board's recommendation on increasing capital by SAR 14.62 million from retained earnings through a 1-for-500 bonus share distribution.
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Dividend Details (2023) |
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Current capital |
SAR 7.31 bln |
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Number of shares |
731.1 mln |
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Dividend |
SAR 329 mln |
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Percentage of capital |
4.5% (SAR 0.45 per share) |
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Record date |
Shareholders owning shares by the close of trading on the general assembly date, and those registered with Edaa by the close of the second trading day following the record date |
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Payment date |
May 13, 2024 |
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Capital Increase Details |
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Current Capital |
SAR 7.31 bln |
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Number of Shares |
731.1 mln |
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Percentage of Increase |
0.20% (1-for-500) |
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New Capital |
SAR 7.32 bln |
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New Number of Shares |
732.56 mln |
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Method |
Capitalization of SAR 14.62 mln from retained earnings |
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Reason |
Focus on growth in the projects outlined in the strategic plan. Therefore, a bonus issue and a partial capitalization of earnings were recommended. |
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Record Date |
Shareholders of record on the general assembly date and those registered with Edaa on the second trading day following the record date. |
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