Al-Samaani Factory for Metal industries Co.’s general assembly approved on Wednesday a 33.33 percent capital hike to SAR 15 million from SAR 11.25 million through the issue of one bonus share for every three shares held, the company said in a statement on Tadawul.

 

During the meeting, shareholders also approved a 15 percent cash dividend at SAR 1.5 per share for the fiscal year 2017.

 

Key Figures of the Capital hike

Current Capital

SAR 11.25 mln

Number of shares

1.125 mln shares

Increase (%)

33.33% (1 for every 3 shares)

New Capital

SAR 15 mln

New number of shares

1.5 mln shares

Method

Issuing bonus shares

Cash Dividend Details (FY 2017)

Current Capital

SAR 11.25 mln

Number of shares

1.12 mln shares

Total cash dividend

SAR 1.69 mln

Percent of capital

15% (SAR 1.5 per share)

Record date

April 11, 2018

Payment date

To be determined

 

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