Halwani shareholders to vote on capital hike on Aug. 5
Halwani Bros Co.’s shareholders are set to vote on a 10 percent capital hike to SAR 314.29 million from SAR 285.71 million through the issue bonus shares during the general assembly meeting that will be held on Aug. 5, 2019.
The capital hike aims to boost the company’s capital to match its business size and future plans.
The process will take place through capitalizing SAR 28..57 mln from retained earnings account
Key Figures of the Capital Hike
SAR 285.71 mln
Number of shares
10% (1 share for every 10 shares)
New number of shares
Aug. 5, 2019
Capitalizing SAR 28.57 mln from retained earnings account
To boost the company’s capital to match its business size and future plans.