Logo of Raoom Trading Co.
Raoom Trading Co.'s board of directors recommended today, March 23, a 25% capital increase to SAR 62.5 million, from SAR 50 million, through issuing one bonus share for every four shares held, the company said in a bourse statement.
The distribution of a 12.5% cash dividend for the second half of 2021, at SAR 1.25 per share, was also recommended.
|
Details of Capital Increase |
|
|
Current capital |
SAR 50 mln |
|
Number of Shares |
5 mln shares |
|
Capital hike% |
25% (one share for every 4 shares held) |
|
Capital after increase |
SAR 62.50 mln |
|
Number of shares after increase |
6.25 mln shares |
|
Method of increase |
Through capitalizing SAR 12.5 million from retained earnings |
|
Record date |
Shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day after the eligibility date. |
|
Objective of capital hike |
To enhance the company's financial solvency and strengthen its capital to match the size of its business and future aspirations. |
|
Dividend Details |
|
|
Dividend |
SAR 6.25 mln |
|
Percentage of capital |
12.5% (SAR 1.25 per share) |
|
Record date |
By the end of the second trading day after the ordinary general assembly date, which will be announced later. |
|
Payment date |
To be announced later |
The capital increase is subject to the approval of the competent authorities and the company's extraordinary general meeting (EGM).
Raoom debuted on Nomu - Parallel Market on Feb. 21.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}