Raoom board recommends 25% bonus issue, 12.5% dividend for H2 2021

Details of Capital Increase

Current capital

SAR 50 mln

Number of Shares

5 mln shares

Capital hike%

25% (one share for every 4 shares held)

Capital after increase

SAR 62.50 mln

Number of shares after increase

6.25 mln shares

Method of increase

Through capitalizing SAR 12.5 million from retained earnings

Record date

Shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day after the eligibility date.

Objective of capital hike

To enhance the company's financial solvency and strengthen its capital to match the size of its business and future aspirations.

Dividend Details

Dividend

SAR 6.25 mln

Percentage of capital

12.5% (SAR 1.25 per share)

Record date

By the end of the second trading day after the ordinary general assembly date, which will be announced later.

Payment date

To be announced later