Saudi Automotive Services Company (SASCO) BOD recommended 20% capital raise (from SAR 450m to SAR 540m) in a meeting held on November 26, 2014.
The Capital raise is to take place by issuing one bonus share to each 5 shares owned by registered shareholders.
By this issuance the number of outstanding shares will increase from 45 million shares to 54 million.
The BOD also recommended 7.5% cash dividends (SAR 0.75/share) for H2 2014.
|
|
Capital raise details |
|||||
|
|
SAR 450 mn |
Current capital |
||||
|
|
45 mn shares |
Number of shares |
||||
|
|
20% ( 1 for every 5 shares) |
Capital raise (%) |
||||
|
|
SAR 540 mn |
New capital |
||||
|
|
54 mn shares |
# of Shares after raise |
||||
|
|
Extraordinary GA day |
Record date |
||||
|
H2- Cash dividends details |
|
|||||
|
SAR 33.75 mn |
cash dividends |
|
||||
|
7.5% ( SAR 0.75/share) |
% of capital |
|
||||
|
December 01, 2014 |
Record date |
|
||||
|
Determined later |
Payment date |
|
||||
|
2014’s dividends |
|
|||||
|
SAR 67.50 mn |
Total dividends |
|
||||
|
15% ( SAR 1.50/share) |
% of capital |
|
||||
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}