Logo of Electrical Industries Co.
Electrical Industries Co.'s shareholders will vote on increasing capital by 25% to SAR 562.50 million through a one-for-four bonus share distribution, during the extraordinary general meeting (EGM) scheduled for June 21.
|
Capital Increase Details |
|
|
Current Capital |
SAR 450 mln |
|
Number of Shares |
45 mln |
|
Percentage of Increase |
25% |
|
Method |
Distribution of one share for every four held shares by capitalizing SAR 112.5 million from retained earnings |
|
New Capital |
SAR 562.50 mln |
|
Number of Shares |
56.25 mln |
|
Reason |
Supporting and strengthening the financial position to achieve the business growth strategy |
|
Record Date
|
Shareholders of record by the close of trading on the EGM date and those who are registered with Edaa by the end of the second trading day following the EGM date |
In case of fractional shares, they will be compiled in one portfolio and will be sold at market price. Proceeds will be distributed to shareholders on a pro rata basis, within 30 days, according to a statement to Tadawul.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}