Shareholders of Abdulla Saad Abo Moati for Bookstore Co. have approved the board’s recommendation to raise the company’s capital to SAR 200 million from SAR 160 million through the issuance of bonus shares (one bonus share for every four shares held).
Shareholders have also approved a 5 percent cash dividend at SAR 0.5 per share for the fiscal year ending March 31, 2019.
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Key Figures of the Capital Hike |
|
|
Current Capital |
SAR 160 mln |
|
Number of shares |
16 mln shares |
|
Hike (%) |
25% (1 share for every 4 shares held) |
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New Capital |
SAR 200 mln |
|
New number of shares |
20 mln shares |
|
Method |
Capitalizing SAR 11.24 mln from statutory reserve and SAR 28.76 mln from retained earnings |
|
Record date |
Aug. 21 |
|
Driver |
To implement future plans |
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Dividend Details |
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Dividend |
SAR 8 mln |
|
Percentage of capital |
5% (SAR 0.5 per share) |
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Record date |
Aug. 21 |
|
Payment date |
To be determined |
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