Samba approves raising capital to SAR 20 bln

18/03/2015 Argaam

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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