The Extraordinary General Assembly of Arabian Cement Company approved 25% capital raise through bonus shares and 17.5% cash dividends for H2 2013, as shown in the following table:
|
Capital raise details |
|
|
SAR 800mn |
Current capital |
|
80mn shares |
Number of shares |
|
25% ( 1 for every 4 shares) |
Capital raise (%) |
|
SAR 1000mn |
New capital |
|
100 mn shares |
# of Shares after raise |
|
April, 01, 2014 |
Record date |
|
cash dividends details |
|
|
SAR 800 mn |
Current capital |
|
80 mn shares |
Number of shares |
|
SAR 140 mn |
H2 cash dividends |
|
17.5% ( SAR 1.75/share) |
% of capital |
|
April, 01, 2014 |
Record date |
|
April, 17, 2014 |
Payment date |
|
2013 dividends |
|
|
SAR 240 mn |
Total dividends |
|
30% ( SAR 3/share) |
% of capital |
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