Al Moammar Information Systems Co.'s (MIS) board of directors recommended a 25% capital increase to SAR 250 million through issuing one bonus share for every 4 shares held, the company said in a bourse statement. It also recommended distributing 11% cash dividend for the second half of 2020, at SAR 1.1 per share, amounting to SAR 22 million.
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Details of Capital Increase |
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Current Capital |
SAR 200 mln |
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Number of shares |
20 mln shares |
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Capital hike percentage |
25% (one share for every 4 shares held) |
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Capital after increase |
SAR 250 mln |
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Number of shares after increase |
25 mln shares |
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Record date |
Shareholders owning the shares on record date in the register of shareholders at Edaa by the end of second trading day after record date. |
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Objective of capital hike |
To boost the company's capital to cope with future expansions and goals. |
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Dividend Details (H2 2020) |
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Dividend |
SAR 22 mln |
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Percentage of capital |
11 % (equivalent to SAR1 per share) |
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Record date |
January 7, 2021 |
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Payment date |
January 20, 2021 |
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Dividend Details (2020) |
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Dividend |
SAR 42 mln |
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Percentage of capital |
21 % (equivalent to SAR 2.1 per share) |
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Share fractions will be reoffered to shareholders pro rata within 30 days maximum of share allocation.
The capital increase is subject to the approval of the competent authorities as well as MIS extraordinary general meeting (EGM).
| P/E (TTM) | 44.80 |
| P/E Before Unusual Items (TTM) | More than 100 |
| P/BV | 11.69 |
| Dividend Yield | 1.10 % |
| Market Cap. (M) | 4,878.00 |
| Return on Average Assets | 4.70 % |
| Return on Average Equity | 29.65 % |
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