United Electronics Co.’s (eXtra) extraordinary general assembly has approved a 19.05 percent capital hike to SAR 500 million from SAR 420 million through the issue of one bonus share for every seven shares held, the company said in a statement on Tadawul.

 

Shareholders have also delegated to company’s board to set up employees long-term incentive program.

 

In a separate statement, the Saudi Stock Exchange (Tadawul) said that the fluctuation limits on Wednesday for eXtra will be based on a share price of SAR 48.05.

 

The Securities Depository Center (Edaa) will deposit the additional shares into the investor’s portfolios by Monday September 24, 2018.

 

Key Figures of the Capital Hike

Current Capital

SAR 420 mln

Number of shares

42 mln shares

Hike (%)

19.05%

New Capital

SAR 500 mln

Number of shares after increase

50 mln shares

Bonus shares

One bonus share for every seven shares held

Allocating 2 mln shares (4.76% of capital) for employees long-term incentive program

Record date

General assembly meeting

Deriver

Support the company’s financial position

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.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request