Saudi Arabia Fertilizers Company’s (SAFCO) board of directors recommended a 25 percent capital raise from SAR 3.33 billion to SAR 4.17 billion through the issuance of bonus shares and a 30 percent cash dividend (SAR 3/share) for H2-2014.
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Capital Raise Details |
|
|
SAR 3333.33 mln |
Current capital |
|
333.33 mln shares |
Number of shares |
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25% ( one share for every four shares) |
Percent of capital raise |
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SAR 4166.67 mln |
New capital |
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416.67 mln shares |
Number of Shares after raise |
|
General assembly day |
Record date |
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H2-2014 Cash Dividend Details |
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SAR 1000 mln |
Cash dividend |
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30% ( SAR 3/share) |
Percent of capital |
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2014 Cash Dividend Details |
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SAR 2333.33 mln |
Cash dividend |
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70% ( SAR 7/share) |
Percent of capital |
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