Riyadh – Mubasher: The board of directors of Abdullah Abdul Mohsen Al Khodari Sons on Monday, 18 April, recommended the distribution of bonus shares to shareholders for the fiscal year 2015.
The bonus shares will represent 5% of capital or around SAR 26.56 million, bringing the company’s total shares to 55.78 million shares.
The board also recommended that no cash dividends be given to shareholders for FY15.
The recommendations aim to boost Al Khodari’s financial position, the company said in a statement, adding that the decisions are subject to the approval of the relevant authorities and the ordinary general meeting (OGM).
Earlier today, Al Khodari reported a net profit of SAR 4.1 million ($1.09 million) for Q1-15, a drop of 71% year-on-year.
The stock ended Monday’s session at a slight rise of 0.08% to SAR 12.22.
