Mouwasat says its subsidiary hikes capital to SAR 60 mln

21/10/2015 Argaam

Mouwasat Medical Services Co. (Mouwasat), said its 51 percent owned subsidiary, Al Sharqiyah Medical Services Co., has successfully increased its capital by 151 percent to SAR 60 million from SAR 23.9 million.

 

In a statement to the Saudi bourse, Tadawul, Mouwasat said the capital hike was covered through retained earnings.

 

Mouwasat is one of Saudi Arabia's largest listed healthcare firms. 

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