Arriyadh Development's General Assembly approves 33.3% capital raise and 15% cash dividends for 2013

15/04/2014 Argaam

The General Assembly of Arriyadh Development Co. approved 33.3% capital raise (from SAR 1000 m to SAR 1333.3m) in a meeting held Monday April, 04, 2014.

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 100 m shares to 133.3m shares.

 

The GA also approved 15% cash dividends (SAR 1.5/share) for 2013.

Capital raise details

SAR 1000 mn

Current capital

100 mn shares

Number of shares

33.3% ( 1/3 shares)

Capital raise (%)

SAR 1333.3 mn

New capital

133.3 mn shares

# of Shares after raise

April, 14, 2014

Record date
 

 

 2013 cash dividends

SAR 1000 mn

Current capital

100 mn shares

 Shares

SAR 150 mn

Cash dividends

15% ( SAR 1.5/share)

% of capital

April, 14, 2014

Record date

Determined later

Payment date
 
 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.