"A 10% Capital increase of Fetaihy Group (from SR500m to SR 550m) was approved by the company's BOD in its meeting held on 19/1/2012 to support the company's future expansions", said a statement on Tadawul today.
The company also stated that the Capital increase is to take place by issuing one bonus share to each ten shares owned by registered shareholders as SAR 50m of reserves account will be capitalized.
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