Herfy's board recommends 40% capital raise

21/04/2014 Argaam

Herfy Food Company’s board of directors recommended 40 % capital raise (from SAR 330 m to SAR 462m). The capital raise is intended to support the company's expansion plans, the company said in a filing to Tadawul today.

The Capital raise is to take place by issuing 2 bonus shares to each 5 shares owned by registered shareholders.

By this issuance the number of outstanding shares will increase from 33 m shares to 46.2 m.

 

Capital raise details

SAR 330 mn

Current capital

33 mn shares

Number of shares

40% ( 2 for every 5 shares)

Capital raise (%)

SAR 462 mn

New capital

46.2 mn shares

# of Shares after raise

Extraordinary GA day

Record date
 
 

 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read