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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