Publication Date:
Wed, 2011-12-07 14:28
"Almarai Company Board of Directors recommended increasing the share capital from SR2.3 billion to SR4 billion through the distribution of one bonus for each outstanding 1.739 shares. This will be financed through the company reserves," it said.
The firm also said it plans to issue a dividend of SR2.25 per share for 2011.
Decisions on the dividend and bonus share approvals will be made after an extraordinary general assembly meeting and after approval from the regulatory authorities, the statement said.
In June, Almarai, which got shareholder approval last month for an Islamic bond sale, said it plans to invest SR4 billion in the poultry sector.
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