Logo of AYYAN Investment
AYYAN Investment Co.’s shareholders approved, on Nov. 9, the board's recommendation on increasing capital by 9.4% to SAR 806.4 million from SAR 737.3 million, through issuing 6.9 million ordinary shares to acquire 26.43% stake in Al-Ahsa Medical Services Co.
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Details of Capital Increase |
|
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Current capital |
SAR 737.3 mln |
|
Number of shares |
73.73 mln |
|
Capital hike (%) |
9.4% |
|
Capital after increase |
SAR 806.4 mln |
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Number of shares after increase |
80.64 mln |
|
Reason |
To acquire the entire shares of the selling shareholders |
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Method |
Issuing 6.9 mln new shares |
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Record date |
Nov. 9, 2021 |
In April, 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, according to data compiled by Argaam.
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