Saudi Ceramic Company said it approved on Monday 33 percent capital raise from SAR 375 million to SAR 500 million through the issuance of one bonus share for every three shares.
The company also approved a 20 percent cash dividend to be issued at SAR 2 per share for 2014.
|
Capital Raise Details |
|
|
SAR 375 mln |
Current capital |
|
37.5 mln shares |
Number of shares |
|
33% ( one share for every 3 shares) |
Capital raise percentage |
|
SAR 500 mln |
New capital |
|
50 mln shares |
Number of Shares after raise |
|
April 27, 2015 |
Record date |
|
Cash Dividend Details |
|
|
SAR 100 mln |
Cash dividend |
|
20% ( SAR 2/share) |
Percent of capital |
|
April 27, 2015 |
Record date |
|
Determined later |
Payment day |
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