Dallah Healthcare Co.’s board of directors has recommended a 27.12 percent capital hike to SAR 750 million from SAR 590 million through the issue bonus shares.
The capital hike aims to match the company's capital to its assets.
The process is pending approval from the general assembly and regulator.
|
Key Figures of the Capital Hike |
|
|
Current Capital |
SAR 590 mln |
|
Number of shares |
59 mln shares |
|
Hike (%) |
27.12% (0.2712 share for every 1 share) |
|
New Capital |
SAR 750 bln |
|
New number of shares |
75 mln shares |
|
Method |
Bonus shares |
|
Record date |
General assembly meeting |
|
Driver |
To match the company's capital to its assets. |
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