Mubasher TV
Contact Us Advertising   العربية

Astra approves capital top-up, cash dividends

Astra approves capital top-up, cash dividends
.
Default Company
1212.O
0.00% 0.00 0.00

Riyadh-Mubasher: The extraordinary general meeting of Astra Industrial Group held on Monday gave the go-ahead for increasing capital by 7.9% to SAR 800 million, through capitalising SAR 58.8 million.

The top-up will be effected through distributing 5-for-63 bonus shares, to boost the company's capital base.

In addition, shareholders approved cash dividends at 7.5% of the stock's par value, or SAR 0.75 per share, totalling SAR 55.6 million.

Shareholders of record on 28 April are eligible for the dividends which will be paid on 18 May.