Budget 's GA approves 33.3 % capital raise and 22.5% cash dividends

17/04/2014 ِArgaam
Budget-Saudi General Assembly approved 33.3 % capital raise (from SAR 305.0 m to SAR 406.6 m).

The Capital raise is to take place by issuing one bonus share to each 3 shares owned by registered shareholders.

By this issuance the number of outstanding shares will increase from 30.5 m shares to 40.6 m.

It also approved 22.5% cash dividends(SAR2.25/share).

 

 

 

Capital raise details

 

SAR 305.0 mn

Current capital

 

30.5 mn shares

Number of shares

 

33.3%

Capital raise (%)

 

SAR 406 mn

New capital

 

40.6 mn shares

# of Shares after raise

 

April, 17, 2014

Record date

Cash dividends details

SAR 68.6 mn

Cash dividends

 

22.5% ( SAR 02.25/share)

% of capital

 

April, 17, 2014

Record date

 

Determines later

Payment date

 
 

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