Etihad Etisalat (Mobily) announce the results of its Extraordinary General Meeting (EGM), that was held at 3:30 pm on Saturday 30/02/1434H corresponding to 12/01/2013AD at the Four Seasons Hotel in Riyadh, to be as follows:
1- Approved the recommendation of the Board to increase the companys capital by (10%) from (7,000,000,000) Riyals to (7,700,000,000) Riyals through a bonus share issue of one share for every (10) owned by registered shareholders in the companys shareholders register at the end of trading on the day of the Extraordinary General Meeting (EGM), and that the increase in capital shall be effected by transferring (700,000,000) Riyals from the retrained earnings as of 30/09/2012, and the total number of shares will increase by (70,000,000) from (700,000,000) to (770,000,000). The aim of a bonus share issue is to enhance shareholder returns.
2- Approved the amendment of clauses (7) and (8) of the companys articles of association, to show the increase in capital and the total number of shares according to the increase stated in the previous item, so that the companys capital becomes (7,700,000,000) Riyals divided by (770,000,000) shares of equal value of (10) Riyal par value for each share.
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