The third extraordinary general assembly meeting of AlMouasah Co. was held on Monday Jumady first 10, 1433 corresponding to April 2, 2012, and after achieving a quorum with an attendance rate of 57.31% and the results are as follows:
1- Approving the BOD recommendation of increasing the company's capital from SR 250 million to SR 500 million by increasing the company's shares from 25 million shares to 50 million shares with a total increase of 100% and this capital increase is done through granting dividend shares to its shareholders by distributing one share to each share for each registered shareholder at the end of the day of the extraordinary meeting, And the suggested increase will be covered from the Retained Earnings Account as of 31/12/2011.
2- Amendment of Article (6) and Article (7) of the company's Regulations to be as follows:
First: Article (6) to be: The capital of the company is SR 500 million consisting of equal 50 million ordinary shares, the par value of each share is SR 10, and all are common nominal shares.
Second: Article (7) to be: Founders has subscribed in all the company's capital which is amounted to 50 million shares represented by the company’s paid in capital.
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