Saudi Hollandi Bank received an approval to increase its capital from SR2.65 billion to SR3.31 billion through issuing 1 bonus share
for every existing 4 shares owned by the shareholders.
Announcing the bonus shares
at RIL's shareholder meet, its chairman Mukesh Ambani said, "On such an occasion (40th IPO anniversary) and in keeping with our founder's vision to share prosperity with all shareholders, the board has decided to recommend a bonus issue in the ratio of 1: 1." He added that it will be the country's biggest such offer.
The board also approved a bonus share
issue of 10 percent of the bank's share capital, totalling 154.47 million shares of OMR0.100 each, subject to regulatory approvals.
"The final outcome is particularly disappointing given that a clear majority (over 60%) voted in favour of the original scheme proposed in September 2012 and we narrowly missed the required support for the Supplemental Executive Bonus Share
have been added to all shareholders' accounts, while cash dividends will be valued on April 30.
1 March 2012 - First Gulf Bank plans to issue bonus shares
worth AED1.5bn (USD408m/EUR306m) to boost its paid-up capital, the Abu Dhabi-based lender said in a bourse filing on Thursday.
Board also suggests a bonus share
issue of 1 share for every 10 held
"It became a bit much for the average private shareholder, so we have made the proposal that we should divide it by five by issuing four bonus shares
for one share."
This is equivalent to Dh0.10 per share representing 500 million bonus shares
on the five billion shares that make up its capital, the company said in a filing to the Dubai Financial Market.
BANKING AND CREDIT NEWS-January 30, 2012--QNB boosts capital via 10% bonus share
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Saudi's Yamama Saudi Cement Company plans to increase its capital by 50 per cent through a bonus share
issue, the firm said in a bourse statement.
Saudi Hollandi Bank has proposed to increase its capital by 20 percent through a bonus share
issue, according to Reuters.