Samba Financial Group (SAMBA) said it approved on Wednesday a 66.66 percent capital raise from SAR 12 billion to SAR 20 billion through the issuance of two bonus shares for every three shares.
The Saudi-listed group also gave the go-ahead to issue a seven percent cash dividend at SAR 0.70 per share for the second half of 2014.
Capital Raise Details |
|
SAR 12,000 mln |
Current capital |
1,200 mln shares |
Number of shares |
66.66% ( 2 shares for every 3 shares) |
Capital raise percentage |
SAR 20,000 mln |
New capital |
2,000 mln shares |
Number of shares after raise |
March 18, 2015 |
Record date |
Cash Dividend Details |
|
SAR 840 mln |
Cash dividend |
7% ( SAR 0.70/share) |
Percent of capital |
March 18, 2015 |
Record date |
March 31, 2015 |
Payment day |
2014 Dividend |
|
SAR 1,620 mln |
Total dividend |
13.5% ( SAR 1.35/share) |
Percent of capital |
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