
Logo of Paper Home Co.
The Securities Depository Center Co. (Edaa) implemented today, July 27, the capital hike for Paper Home Co. by increasing the number of securities in the center’s accounts for eligible shareholders.
According to data available with Argaam, Paper Home’s shareholders approved the board of directors’ recommendation to increase the company’s capital by 200% through a bonus share distribution. This was during an extraordinary general meeting (EGM) on July 20.
The increase will be funded by capitalizing SAR 40 million from retained earnings, granting shareholders two bonus shares for every share held.
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