Bank Aljazira’s board of directors has recommended a 3.2 percent cash dividend for fiscal year 2017 at SAR 0.32 per share following the completion of announced capital hike.
In December 2017, the bank submitted a request to the Capital Market Authority (CMA) to raise its capital to SAR 8.2 billion from SAR 5.2 billion through a rights issue, Argaam reported. Details are in the table below:
|
Cash Dividend (FY 2017) |
|
|
Current Capital |
SAR 5.2 bln |
|
Number of shares |
520 mln |
|
New Capital |
SAR 8.2 bln |
|
New number of shares |
820 mln |
|
Amount |
SAR 262.4 mln |
|
Percent of capital |
3.2% (SAR 0.32 per share) |
|
Record date |
General assembly meeting |
|
Payment date |
To be determined |
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