Al Rajhi Bank’s extraordinary general assembly will vote on April 3 on a 53.8 percent capital hike through bonus shares to SAR 25 billion from SAR 16.25 billion.
Shareholders will also vote on paying a 22.5 percent cash dividend (SAR 2.25 per share) for the second half of 2018, as shown in the table below:
|
Key Figures of the Capital Hike |
|
|
Current Capital |
SAR 16.25 bln |
|
Number of shares |
1.625 bln shares |
|
Hike (%) |
53.8% (7 shares for every 13 shares) |
|
New Capital |
SAR 25 bln |
|
New number of shares |
2.5 bln shares |
|
Method |
Capitalizing SAR 8.75 bln from retained earnings |
|
Record date |
April 3, 2019 |
|
Driver |
To boost the bank’s resources which assist in achieving good growth rates. |
|
Dividend Details (H2 2018) |
||
|
Current Capital |
SAR 16.25 bln |
|
|
Number of shares |
1.625 bln |
|
|
Dividend |
SAR 3.656 bln |
|
|
Percentage of capital |
22.5% (SAR 2.25 per share) |
|
|
Record date |
April 3, 2019 |
|
|
Payment date |
April 11, 2019 |
|
|
Dividend for FY 2018 |
||
|
Total dividend |
SAR 6.906 bln |
|
|
Percentage of capital |
42.5% (SAR 4.25/share) |
|
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}