Saudi Company for Hardware’s (SACO) shareholders are set to vote on a 50 percent capital hike to SAR 360 million from SAR 240 million, on Dec. 17, 2018.
Shareholders of record at the extraordinary general assembly meeting, including those registered at the Securities Depository Center two days after this date, will be eligible to receive the bonus shares.
|
Key Figures of Capital Hike |
|
|
Current Capital |
SAR 240 mln |
|
Number of shares |
24 mln shares |
|
Hike (%) |
50% (1 for every 2 shares) |
|
New Capital |
SAR 360 mln |
|
New number of shares |
36 mln shares |
|
Method |
Bonus shares |
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