BATIC Investment & Logistics Co.’s general assembly has approved a 25 percent capital hike to SAR 300 million from SAR 240 million, through the issue of one bonus share for every four shares held.

 

BATIC raised its capital in 2016 by 33 percent to SAR 240 million from SAR 180 million, according to data compiled by Argaam.

 

Key Figures of Capital Hike

Current Capital

SAR 240 mln

Number of shares

24 mln shares

Hike (%)

25% (1 for every 4 shares)

New Capital

SAR 300 mln

New number of shares

30 mln shares

Purpose

Matching capital to assets and supporting future investment plans

Eligibility date

April 29, 2018

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