Logo of AYYAN Investment
AYYAN Investment Co. said that its capital hike circular is available to shareholders on its official website, according to a bourse statement today, Sept. 9.
On Aug. 30, the Capital Market Authority (CMA) approved AYYAN’s request to increase its capital from SAR 737.3 million to SAR 806.4 million by issuing 6.9 million ordinary shares to acquire 26.43% shares of Al-Ahsa Medical Services Co.
On April 15, AYYAN Investment inked a share purchase agreement with a number of shareholders to buy non-controlling stakes in Al-Ahsa Medical Services Co. via share swap.
|
Details of Capital Increase |
|
|
Current Capital |
SAR 737.3 mln |
|
Number of Shares |
73.73 mln |
|
Capital Hike Percentage |
9.4% |
|
Capital after Increase |
SAR 806.4 mln |
|
Number of Shares after Increase |
80.64 mln shares |
|
Objective of Capital Hike |
To acquire the entire stakes of the selling shareholders |
|
Method |
Issuing 6.9 mln new shares |
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