Al Khodari Assembly approves 25% capital raise and 5% cash dividend for H2 2011

09/05/2012 Argaam

Abdullah A. M. Al-Khodari Sons Company’s General Assembly approved in its meeting held on Wednesday a 25 percent capital raise from SAR 425 million to SAR 531 million through the issuance of bonus shares and approved to issue a five percent cash dividend for second half 2011 as shown below.

 

Capital Rise Details

SAR 425 mln

Current capital

42.50 mln shares

Number of shares

25% ( one share for every four shares)

Capital raise percentage

SAR 531.25 mln

New capital

53.13 mln shares

Number of Shares after raise

May 9, 2012

Record date

H2 Cash Dividend Details

SAR 21.25 mln

  Cash dividend

5% ( SAR 0.5/share)

Percent of capital before raise

May 9, 2012

Record date

 Dividend

SAR 63.75 mln

Total dividend

15% ( SAR 1.5/share)

Percent of capital

 

 

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.