Zamil Industrial Investment Company (Zamil Industrial) Board of Directors held its meeting this morning, Monday, 22 February 2010 and approved the audited consolidated financial statements for the year ending 31/12/2009. Based on the company's financial position, the board has proposed the distribution of cash dividends at SAR 1.50 per share, which represents 15% of company capital for a total amount of SAR 67.5 million. Eligibility for dividends will be determined for shareholders owning shares at the close of trading on the date of the annual general assembly meeting, which will approve the distribution of dividends. The date and time of the meeting will be fixed at a later stage and announced to the public.
It is worth mentioning that the proposed cash dividends will be based on the current capital of SAR 450 million. Also, on 08/11/2009, the Board received the Capital Market Authority's (CMA) approval for the proposed capital increase to SAR 600 million through issuance of bonus shares on the basis of 1 share for every 3 shares owned by shareholders registered as at the close of trading on the date of the annual general assembly meeting indicated above.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.