Logo of Naba Alsaha Medical Services Co.
Naba Alsaha Medical Services Co.'s board of directors recommended a 50% capital increase to SAR 105 million from SAR 70 million through distributing a 0.5 bonus share for each one share held, the company said in a statement to Tadawul today, March 29.
In a separate statement, the company said the board also recommended a 3% cash dividend for 2022, at SAR 0.3 per share.
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Capital Increase Details |
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Current capital |
SAR 70 mln |
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Number of shares |
7 mln |
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Capital hike% |
50% (one share for every two shares held) |
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Capital after increase |
SAR 105 mln |
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Number of shares after increase |
10.5 mln |
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Method of increase |
Capitalizing SAR 35 mln from retained earnings |
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Record date |
Shareholders of record who are registered with Edaa by the close of the second trading day following the record date |
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Objective |
Supporting and financing the company's new expansion projects |
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Dividend Details (2022) |
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Current capital |
SAR 70 mln |
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Number of shares |
7 mln |
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Total dividend |
SAR 2.1 mln |
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Percentage of capital |
3% (SAR 0.3 a share) |
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Record date |
Shareholders of record on the general meeting date that will be determined later, and those who are registered with Edaa by the close of the second trading day following the general meeting date |
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Payment date |
To be determined later |
*This is the first dividend for the company since its listing on Nomu-Parallel Market in September 2022.
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