The Saudi Investment Bank’s General Assembly approved 9.1% capital raise (from SAR 5500 m to SAR 6000 m) in a meeting held on April, 01, 2014.
The Capital raise is to take place by issuing one bonus share to each 11 shares owned by registered shareholders.
By this issuance the number of outstanding shares will increase from 550 mn shares
to 600 mn.
The GA also approved 8% cash dividends (SAR 0.8/share) for 2013, as shown in the following table:
|
Capital raise details |
|
||
|
SAR 5500 mn |
Current capital |
||
|
550 mn shares |
Number of shares |
||
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9.1% ( 1/11 shares) |
Capital raise (%) |
||
|
SAR 6000 mn |
New Capital |
||
|
600 mn shares |
# of Shares after raise |
||
|
April, 01, 2014 |
Record date |
||
|
2013 cash dividends |
|
|
SAR 440 mn |
Cash dividends |
|
8% (SAR 0.80/share) |
% of capital |
|
April, 01, 2014 |
Record date |
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