Saudi Ceramic recommends 33% capital raise, 20% cash dividend for 2014

30/12/2014 ِArgaam

Saudi Ceramic Company’s (Ceramic) board of directors recommended a 33 percent capital raise from SAR 375 million to SAR 500 million and a 20 percent cash dividend (SAR 2/share) for 2014 as shown below.

 

Capital Raise Details

SAR 375 mln

Current capital

37.5 mln shares

Number of shares

33% ( one share for every three shares)

Percent of capital raise

SAR 500 mln

New capital

50 mln shares

Number of Shares after raise

Determined later

Record date

 

 Cash Dividend Details

SAR 500 mln

New capital

50 mln shares

Number of shares

SAR 100 mln

Cash dividend

20% ( SAR 2/share)

Percent of capital

Determined later

Record date

Determined later

Payment date

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