Al-Etihad Cooperative Insurance Co.'s board of directors recommended today, March 3, increasing capital by 12.5% to SAR 450 million from SAR 400 million, through a bonus issue (one share for each eight shares), according to a bourse fling.
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Capital Increase Details |
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Current capital |
SAR 400 mln |
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Number of shares |
40 mln |
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Capital hike% |
12.5% (one share for every 8 shares held) |
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Capital after increase |
SAR 450 mln |
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Number of shares after increase |
45 mln |
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Objective of capital hike |
To strengthen the company’s capital base and support its future activities |
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Record date |
Shareholders registered with the Edaa by the end of second trading day after record date. |
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Method of increase |
By transferring SAR 20 million from retained earnings and SAR 30 million from the statutory reserve. |
The capital increase is subject to the approval of the competent authorities as well as the company's extraordinary general meeting (EGM).
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| Data not available | |||||
| Consolidated cash dividend | Cash dividend per share (SAR) | * The stock price at the beginning of the period (SAR) | Return on the base price |
|---|---|---|---|
| Last 3 Financial years | N/A | 13.81 | N/A |
| Last 5 Financial years | N/A | 9.86 | N/A |
| Last 10 Financial years | N/A | 10.50 | N/A |
| P/E (TTM) | 11.14 |
| P/E Before Unusual Items (TTM) | 11.14 |
| P/BV | 1.27 |
| Dividend Yield | 3.26 % |
| Market Cap. (M) | 890.00 |
| Return on Average Assets | 4.83 % |
| Return on Average Equity | 11.88 % |
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