The Saudi Investment Bank (SAIB) said it approved on Monday an 8.3 percent capital raise from SAR 6 billion to SAR 6.5 billion through the issuance of one bonus share for every 12 shares.
The bank also gave the go-ahead for an 8 percent cash dividend to be issued at SAR 0.80 per share for 2014.
|
Capital Raise Details |
|
|
SAR 6,000 mln |
Current capital |
|
600 mln shares |
Number of shares |
|
8.3% ( one share for every 12 shares) |
Capital raise percentage |
|
SAR 6,500 mln |
New capital |
|
650 mln shares |
Number of shares after raise |
|
March 8, 2015 |
Record date |
|
Cash Dividend Details |
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SAR 480 mln |
Cash dividend |
|
8% ( SAR 0.80/share) |
Percent of capital |
|
March 8, 2015 |
Record date |
|
March 10, 2015 |
Payment day |
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